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Given the following information, what is the maximum mortgage amount for an FHA loanwhich the applicant will qualify? Assume minimun down payment. Sales price: $350,000
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Given the following information, what is the maximum mortgage amount for an FHA loanwhich the applicant will qualify? Assume minimun down payment.
Sales price: $350,000
Appraised value: $340,000
Allowable closing costs: 4,300
$344,521
$334,746
$354,300
$346,328
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