TILA - Correct Answer Truth-In-Lending Act, Regulation Z
UFMIP - Correct Answer Up Front Mortgage Insurance Premium
USC - Correct Answer US Code
USDA - Correct Answer United States Department of Agriculture
UST - Correct Answer Uniform State Test
VA - Correct Answer Veterans Affairs
YSP - Correct Answer Yield Spread Premium
what is 203 (b) - Correct Answer FHA's single family program which provides mortgage insurance to
lenders to protect against the borrower defaulting; _______ is used to finance the purchase of new or
existing 1 to 4 family housing (bedrooms) ; _______ insured loans are known for requiring a low down
payment, flexible qualifying guidelines, limited fees, and a limit on maximum loan amount.
what is 203 (k) - Correct Answer FHA's mortgage insurance program enables homebuyers to finance
both the purchase of a house and the cost of its rehabilitation through a single mortgage loan
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