Beverly has applied for a loan to purchase a Craftsman-style home for herself and her teenage son. Her mortgage broker helps her find an FHA loan program that accommodates her low down payment. What program will serve Beverly’s need?

The answer is - Title II, Section 203(b) is for the purchase of one- to four-unit residences. (Title II, Section 234(c))

Explanation:

A Federal Housing Administration (FHA) loan is a mortgage loan that is insured by the US federal housing administration and issued by approved lenders. The loan is for low to moderate income earners and allows them pay lower minimum down payments compared with other loans.

The program that will serve Beverly's need are according to the Title II, Section 203(b) and (Title II, Section 234(c).

answer; dead end or culdesac;

answer; identity theft;