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Xinnix Exam 2025 Questions and Answers Loans with an LTV >80% will typically require mortgage insurance. (FNMA/FHLMC) - --Answer --True What is the maximum seller contribution allowed for a primary residence at 95% LTV? (FNMA/FHLMC) - --Answer --3% On an ARM, redisclosure of the Truth in Lending is required if the APR changes more than ____%? - --Answer --.25 FHA loans have both a BASE Loan Amount and Total Loan Amount - -Answer --True A borrower's brother would like to give her money to help towards the down payment of her new house. This would be considered _________ - -Answer --A gift from a relative and would require a gift letter, as well as proof that the funds have been transferred to the borrower's account. A straw buyer is an individual who is paid to purchase a property and apply for a mortgage for someone who is unable to qualify for a loan. - --Answer --True ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1