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Which of the following is NOT true about FHA loan program. O FHA mortgage insurance only covers the loan amount exceeding 80% of property value.

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Which of the following is NOT true about FHA loan program. O FHA mortgage insurance only covers the loan amount exceeding 80% of property value. O FHA is mainly designed for low-income qualified borrowers. O FHA restrictions on the maximum loan amount vary by states. O Both the borrower and the property to be purchased must meet certain FHA standards

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