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A borrower is seeking an FHA loan. During the loan evaluation, the lender determines that the borrower's monthly mortgage payment would be 35% of her

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A borrower is seeking an FHA loan. During the loan evaluation, the lender determines that the borrower's monthly mortgage payment would be 35% of her stable monthly income. Would this borrower qualify for an FHA loan? No, the monthly mortgage payment cannot exceed 29% of the stable monthly income. None of the other answers Yes, the monthly mortgage payment cannot exceed 36% of the stable monthly income. Yes, the monthly mortgage payment cannot exceed 41% of the stable monthly income

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