For each government-insured loan, determine who is in the best situation to use that loan. Carol and Tom are purchasing property in rural F

Question

For each government-insured loan, determine who is in the best situation to use that loan. Carol and Tom are purchasing property in rural Florida to raise livestock, and they have saved a 3% down payment. Sam and Alex have saved a 6% down payment and want to purchase their first home. Jillian is a veteran looking to purchase her first home, but she doesn’t have a down payment. Josiah is ready to purchase a home and has a 20% down payment. Kameron recently received an inheritance from his grandfather that is enough to purchase a home with cash. VA loan arrowRight FHA loan arrowRight USDA loan arrowRight

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Elliana 2 weeks 2022-01-12T04:02:13+00:00 2 Answers 0 views 0

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    2022-01-12T04:03:45+00:00

    Answer:  VA: Jillian is a veteran looking to purchase her first home, but doesnt have a down payment.

    FHA: Sam and Alex have saved a 6% down payment and want to purchase their first home.

    USDA: Carol and Tom are purchasing property in rural Florida to raise livestock, and they have saved a 3% down payment

    Step-by-step explanation:

    0
    2022-01-12T04:03:46+00:00

    Answer would be jillian with no down payment!

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