The maximum FHA insured loan under the 203b program for a condo with an acquisition cost of $150,000 is:

Question

Quizplus · Accepted Answer

The maximum FHA insured loan under the 203b program is calculated based on the lesser of the home's appraised value or the statutory limit, which varies by geographic area. Without specific details on the statutory limit for the area in question, it's difficult to provide an exact answer. However, given the options, the correct answer is typically based on a percentage of the acquisition cost or appraised value, and option C seems to be a calculated percentage of the acquisition cost, suggesting it might be the correct choice in a scenario where specific FHA guidelines or limits apply.

The Maximum FHA Insured Loan Under the 203b Program for a Condo