Finance
A Nebraska FHA loan requires an upfront mortgage insurance premium (UFMIP) of:
A0.5% of loan amount
B1.75% of loan amount✓ Correct
C2.0% of loan amount
D2.25% of loan amount
Explanation
FHA loans require an upfront MIP of 1.75% of the loan amount, which can be financed into the loan. Annual MIP is also charged for most FHA loans.
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