Janet lives in Miami and has low to moderate income. She wants to buy a home in Miami priced at $150,000 but doesn't have enough savings to
put up the 20% down payment on a conventional mortgage. Since she isn't part of a military family, which type of loan should Janet consider
obtaining for her mortgage?
On
adjustable-rate loan
OB. FHA loan
Oc. USDA loan
OD. VA loan

Respuesta :

Answer:

B FHA Loan

Step-by-step explanation:

We can actually deduce here that the type of loan that Janet would consider obtaining for her mortgage is: B. FHA loan.

What is a loan?

A loan refers to a monetary form of debt which one incurs in order to meet up with some financial requirements. Some people go for loan in order to fund their businesses, buy asset, take care of their families, etc.

Thus, we see here that FHA Loan is the loan that Janet should consider.

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