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    Exam 12: Controlling Default Risk Through Borrower Qualification Loan Underwriting and Contractual Relationships
  5. Question
    12-28Under VA Guidelines,if a Borrower Fails the Income Ratio Method
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12-28Under VA Guidelines,if a Borrower Fails the Income Ratio Method

Question 41

Question 41

Multiple Choice

12-28.Under VA guidelines,if a borrower fails the income ratio method he or she may qualify if his or her excess residual income is:


A) at least 20%
B) at least 30%
C) between 10 and 15%
D) about 35%

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