Loan Genius Mortgage Trivia

In mortgage lending, what do the letters FHA Stand for?

• First-time Homebuyer Association

• Federal Housing Assistance

• Federal Homebuyer Association

• Federal Housing Administration

• Federal Housing Association

What is the Maximum Debt to Income Ratio on an FHA loan?

• 45%

• 50%

• 57%

• 65%

Why should you refer your buyers to Loan Genius?

• We have no upfront “junk fees” like processing or underwriting fees on FHA, VA, and Conventional loans, saving your buyers $1200-$1500.

• We have rates and pricing that are so good, in addition to waiving upfront fees we often give back 1.5% to 2% of their loan amount in lender credit for closing costs. $300k loan = extra $6,000 in their pocket.

• We do all types of loans and have specialty programs for almost every situation. Including self-employed borrowers who don’t qualify using tax returns, foreign nationals, non-warrantable condos, construction/rehab loans.

• Our loan officers go to the closing, bring a closing gift, and have a champagne toast with you and your buyers creating a memorable celebration and lasting impression of their experience, helping you earn more referrals.

In Broward County, what is the maximum mortgage limit for a VA Loan?

• 356,500

• 484,300

• 457,000

• No Limit

• 1,000,000

If a homebuyer receives their closing disclosure (CD) on Wednesday, what is the earliest possible day they can close and fund?

• Monday

• Tuesday

• Wednesday

• Thursday

• Friday

If a homebuyer receives their closing disclosure (CD) on Thursday, what is the earliest possible day they can close and fund?

• Monday

• Tuesday

• Wednesday

• Thursday

• Friday

Who are you going to call for your next pre-approval?

• Loan Genius

• Loan Genius

• Loan Genius

• Loan Genius. And I have already saved your number in my phone.