Finance
A Nebraska FHA loan's 'minimum property requirements' (MPRs) ensure that:
AThe property meets the buyer's personal preferences
BThe property is safe, sound, and sanitary for habitation as FHA insures the lender's risk✓ Correct
CAll appliances are new or less than 5 years old
DThe property is located in an FHA-approved development
Explanation
FHA appraisers evaluate properties against Minimum Property Requirements — the property must be safe (free from hazards), structurally sound, and sanitary, since FHA insures the lender and needs to ensure the collateral is adequate.
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