The Federal Housing Administration (FHA) insures loans for lenders of real property. Which statement about FHA loans is false?
1. FHA mortgages require a larger downpayment than vA loans
2. There is no prepayment penalty
3. FHA mortgages are assumable provided the new borrower qualifies
4. FHA mortgages are not assumable
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Home » Business » The Federal Housing Administration (FHA) insures loans for lenders of real property. Which statement about FHA loans is false? 1. FHA mortgages require a larger downpayment than vA loans 2. There is no prepayment penalty 3.