Finance
A Kentucky buyer's loan application includes a credit score of 740, a stable 3-year employment history, and a 20% down payment on a $300,000 home. The most likely loan program is:
AFHA because it has lower standards
BConventional conforming loan due to strong credit profile✓ Correct
CVA because it offers zero down
DUSDA rural development loan
Explanation
A borrower with a 740 credit score, strong employment history, and 20% down payment would typically qualify for a conventional conforming loan with favorable terms and no PMI requirement.
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