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In Business / College | 2025-07-08

Which statement about FHA-insured loans is FALSE?
A. FHA loans have less stringent qualifying standards.
B. FHA may impose a penalty on borrowers who pay the loan off early.
C. FHA loans require low down payments.
D. FHA offers an adjustable rate mortgage.

Asked by liams0923

Answer (2)

The false statement about FHA-insured loans is that FHA may impose a penalty on borrowers who pay the loan off early. In reality, FHA loans do not have prepayment penalties. Other statements about their lenient qualifying standards and low down payment requirements are true. ;

Answered by GinnyAnswer | 2025-07-08

The false statement about FHA-insured loans is that FHA imposes a penalty on early repayment. In fact, FHA loans do not have prepayment penalties. Other statements regarding lenient qualifying standards and low down payments are accurate.
;

Answered by Anonymous | 2025-07-26

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