Which homebuyers would clearly qualify under an exception to the First-Time Homebuyer rule?
Great Choice Realtor Quiz

Quiz
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Professional Development
•
Professional Development
•
Medium
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12 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A man who went through a divorce two years ago.
Widow of a Vietnam War veteran.
Someone who is buying in a census tract that qualifies for an USDA RD loan.
A firefighter and her husband.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a federally targeted area?
A census tract that qualifies for a USDA RD loan.
A state where homebuyers have access to FHA loans.
An area where you can ignore the first-time homebuyer rule.
A zip code that qualifies a homebuyer for down payment assistance.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which factor affects MRB Income Limits?
Zip code
Number of people in household
Number of children
Area code
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is an eligibility criteria for the Great Choice program?
Property Condition
MRB Income
County of Residence
City of Residence
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Great Choice down payment assistance can be used for new construction financing.
True
False
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Acquisition Cost Limits vary by:
County
Zip Code
Household Size
Loan Type
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a single family residence?
A single residence for one family.
A 1-4 unit residence.
An owner-occupied residence.
A residence purchased by a first-time homebuyer.
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