Key Benefits (6/13 Test For Associate Members)

The statement suggests that applications can be approved within 5-7 days of FMH receiving the completed application and supportive documentation from the homebuyer. This means that the approval process is relatively quick and efficient, allowing homebuyers to receive a decision on their application within a week.

The statement is true because the Associate Members are required to confirm various details such as the potential eligibility, Zillow, credit scores, supportive documentation, and customer ID# before the pre-qualification call. This suggests that there is a specific process in place that involves verifying these factors before proceeding with the pre-qualification call.

The statement is true because it is a common practice for homebuyers to close within 30-45 days of signing the purchase agreements. This timeframe allows for the completion of necessary paperwork, inspections, appraisals, and any other requirements before the finalization of the sale. However, it is important to note that the actual closing timeline can vary depending on various factors such as the complexity of the transaction, financing arrangements, and any contingencies outlined in the agreement.

The goal mentioned in the given options is to help bring Homebuyers to Close with ZERO or Little out of Pocket. This means that the focus is on assisting homebuyers in minimizing their upfront costs when closing a deal on a property.

All of the residential real estate properties mentioned in the options can be purchased under this program. This means that buyers have the option to purchase single family residences, condominiums, town-homes, villas, double wide mobile homes, and multifamily dwellings up to 4 units.

The statement is true because FundMyHome.org is a platform that helps approve homebuyers with credit scores as low as 580. This means that individuals with a credit score of 580 or above can still be eligible for homebuying assistance through FundMyHome.org.

FundMyHome.org is a platform that specifically aims to assist homebuyers who are burdened by student loans. This suggests that the statement "FundMyHome.org helps Homebuyers burdened by Student Loans" is true.

FundMyHome.org provides Down Payment Assistance to all Mortgage Approved Homebuyers regardless of how many times they have owned Residential Real Estate. This means that both first-time and second-time homebuyers are eligible for the assistance, as well as any other homebuyers who have been approved for a mortgage, regardless of their previous homeownership status.

This statement suggests that the No-Income Limit, Non-Repayable Down Payment Assistance model allows individuals to promote themselves virtually without facing any competition. This means that individuals can market themselves effectively without any restrictions on their income and without having to repay the down payment assistance. Therefore, the statement is true.

The correct answer is "Loyalty". The statement suggests that recipients of Down Payment Assistance are likely to show loyalty towards the person providing the assistance. This implies that they will continue to be a customer and support the person or organization in the future.

FundMyHome.org provides down payment assistance in the form of non-repayable gifts without any liens or second mortgages. This means that the assistance provided by FundMyHome.org does not need to be paid back and does not involve any additional financial obligations such as liens or second mortgages on the recipient's property. Therefore, the statement is true.

FundMyHome.org does not charge an application fee or broker fees.

All of the above options may recover their Initial Out-Of-Pocket expenses at closing. This means that Mortgage Approved US Veterans holding VA Certificates of Eligibility, Mortgage Approved Homebuyers purchasing Homes Inside USDA Designated Areas, and Mortgage Approved Homebuyers who FundMyHome.org can bring to close with Zero Out-Of-Pocket, all have the opportunity to recover their initial expenses at closing.

The statement "There is an Income Limit in FundMyHome.org" is false. This means that FundMyHome.org does not have an income limit.

The statement in the question states that there are no products to sell or consume in FundMyHome.org, except for some occasional sales aid videos and training courses and materials. The correct answer is true because it confirms the absence of products for sale or consumption on the website, except for the mentioned occasional videos and training materials.

The statement is stating that a Mortgage or Real Estate License is not necessary to promote their Down Payment Assistance Program. This means that anyone can promote the program without needing a specific license, making the statement true.

The given answer "People, people" is a repetition of the word "people" in the statement "FundMyHome.org is For The People By The People". This repetition emphasizes the idea that FundMyHome.org is a platform created and operated by individuals, for the benefit of individuals. It highlights the focus on the people involved and reinforces the notion that the organization is dedicated to serving the needs and interests of its users.