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Question:
Which of the following loans would be most likely to qualify for Federal Housing Administration (FHA) insurance but not for a Veterans Administration (VA) loan guarantee?
A
A loan to fund the purchase of one-to-four units of residential rental property.
explanation
While neither the Federal Housing Administration (FHA) or Veterans Administration (VA) will guarantee properties intended for business (motel or agriculture included), FHA will do small residential rentals (one-to-four units).
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