Finance
Which federal agency insures FHA loans?
AFannie Mae
BThe Department of Veterans Affairs
CThe Federal Housing Administration (FHA) under HUD✓ Correct
DThe Federal Reserve
Explanation
FHA loans are insured by the Federal Housing Administration, which is part of the U.S.
Related Louisiana Finance Questions
- Under RESPA, which of the following is prohibited?
- In Louisiana, the 'note rate' on a 30-year fixed mortgage is 6.5% and the APR is 6.78%. The difference represents:
- What does the term 'loan-to-value ratio' (LTV) mean in mortgage lending?
- Under Louisiana law, a mortgage is called a:
- A buyer makes a 10% down payment on a $250,000 home. What is the loan-to-value ratio?
- In Louisiana, which federal law prohibits discrimination in mortgage lending based on race, color, religion, national origin, sex, disability, or familial status?
- What is 'negative amortization' in mortgage lending?
- A VA loan benefit is available to:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →