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The DFA Loan borrower is guaranteed to be approved for a refinance of their DFA Loan, regardless of their current credit standing, as long as
The DFA Loan borrower is guaranteed to be approved for a refinance of their DFA Loan, regardless of their current credit standing, as long as the refinance is for the purpose of repaying the lender what is owed under terms of the DFA loan. True or False?
a True
b False
If a borrower's home value declines, and they decide to sell their home, they only have to repay a portion of the original down payment assistance amount, DFA Principal, to adjust for the fact that their home is now worth less than when they took out the DFA Loan. True or False?
a True
b False
As long as I upload a Loan PreApproval Letter from my lender in the Voucher Registration Portal, I am guaranteed to receive a voucher for a DFA Loan.
a True
b False
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