STEP 2 - Preferred Realtor Quiz

Thank you, we have received your information and you have been entered into our system. You will receive an email shortly to confirm your enrollment. It will also contain a link to this page, which contains our Preferred VA Realtor Quiz. This quiz is meant to be a refresher for you on the benefits of VA Loans - it is fairly short. We only want to ensure that our preferred partners are knowledgeable about the program.

To complete your registration for our Preferred VA Realtor List, please submit answers to the questions on VA Loans below. The quiz is built around our informational booklet - if you have not had a chance to review the booklet, please download it now and review it before taking the quiz. **Please note: You may come back to this page at any time to finish the quiz, it does NOT have to be completed right now.

You must answer 11 of the questions correctly to be considered for our program. Best of luck!

Is a homebuyer using a VA Loan required to make a downpayment?
Who is eligible to utilize the benefits of a VA Loan?
VA Loan qualification requirements are _____________ when compared with those of conventional loans.
The Veterans Administration (VA) itself issues VA Loans.
Do borrowers using a VA Loan have to pay Private Mortgage Insurance (PMI)?
Non-allowable costs with respect to VA Loans mean that the qualifying homebuyer is not allowed to pay what fees?
Lenders can help Veterans and Active-Duty military obtain their Certificate of Eligibility.
VA Form 26-1880 is the same thing as the Certificate of Eligibility.
VA Loan occupancy requirements generally DO NOT require that the primary borrower occupy the home.
How many years must pass following a foreclosure for Veteran or Active Duty servicemember to be issued a VA Loan?
The VA Loan 'funding fee' helps defray the cost of administering the VA Home Loan Program and ranges from ___ % to ___ % of the total loan value.
The current maximum VA Loan that the VA will guarantee is ____________.
The document that certifies a homebuyer has gone through the steps of proving eligibility, securing a VA-approved lender, as well as finding a home that is approved for purchase is called the _______________________. It is valid for 6 months.
In recent years, new loan limits, reduced paperwork, and changes in the mortgage industry have made the benefits of using a VA Loan even more important for qualifying homebuyers.
VA Mortgage Center.com is NOT affiliated with any government agencies, including the VA. VA Mortgage Center.com is brought to you
by Mortgage Research Center, a VA approved lender, NOT affiliated with any government agencies, including the VA.
We may share customer information with our trusted affiliates to assist you with your VA loan.