Styles Of Housing And Mortgages

Question 0

One and a half story house

Answer 0

One story and a finished attic
More floor space
Stairs

Question 1

One story house

Answer 1

Rancher
More floor space
More expensive

Question 2

Two story house

Answer 2

Two stories above ground
More floor space
Stairs

Question 3

Split level house

Answer 3

See picture*
Bedrooms are on a quiet level
Stairs

Question 4

Split entry

Answer 4

See picture*
More floor space
Stairs

Question 5

Duplex

Answer 5

2 housing units under 1 roof with common dividing wall
Cheaper
Noise of neighbors

Question 6

Row house

Answer 6

Town house, narrow, deep, 2-3 stories
Less expensive
Not as well built

Question 7

Mobile home

Answer 7

Factory built, has wheels
Less expensive
Not as well built

Question 8

What is the down payment of a conventional mortgage?

Answer 8

10-25%

Question 9

Features of a conventional mortgage

Answer 9

Requires 3 days-1 week for approval

Question 10

FHA features

Answer 10

Longest time approval

Question 11

FHA interest rate

Answer 11

Lower than conventional but 1/2% for insurance added

Question 12

VA borrow amount

Answer 12

100%

Question 13

VA features

Answer 13

Veterans must occupy