Georgia Real Estate Question of the Day

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1 / 1Study mode: Financing

A buyer with limited savings but steady income is MOST likely drawn to FHA financing because it:

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34% of the real exam is Georgia law. 52 of 152 questions.

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1. A buyer with limited savings but steady income is MOST likely drawn to FHA financing because it:Financing. Open choices and explanation.

A.Accepts a down payment as low as 3.5 percent
B.Skips the appraisal to speed up the closing
C.Charges no mortgage insurance premiums at all
D.Approves applicants without a credit review

Answer A: Accepts a down payment as low as 3.5 percent

HUD states that FHA-insured loans allow a down payment as low as 3.5 percent, and gift funds may cover it. That low entry cost is the program's main draw for a buyer with steady income but little savings. The trade-off is FHA mortgage insurance premiums, so a licensee should compare total monthly cost, not the down payment alone.

Why each choice works or fails

A. FHA's low 3.5 percent minimum down payment is its main attraction.
B. FHA requires an appraisal performed to FHA standards.
C. FHA loans carry both upfront and annual mortgage insurance premiums.
D. The lender still underwrites every applicant's credit and income.

Rule to remember: FHA insures the loan, which lets lenders accept a 3.5% down payment in exchange for mortgage insurance premiums.

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What does this assessment cover?

The daily rotation draws from the same original bank mapped to the 14 PSI salesperson areas. There is one stable page, so daily archives do not create hundreds of thin indexable URLs.

Question coverage in this assessment
Official content area	Published weight	Questions here	Complete lesson
Financing	10% of the national portion	1	Study Financing

The Georgia-specific distinction

The rotation includes both national principles and Georgia law. The area label and explanation tell you which outline controlled the answer.

Worked result example

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Classify every miss as knowledge, distinction, wording, math setup, or timing.
Repair the weakest official area, then answer a fresh set on another day.
Move on only when the result is stable and guesses are being marked as gaps.

Recommended next lesson

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Assessment integrity

The questions are original and mapped to the current PSI outline. This is a complete free practice set. Pass Georgia adds a larger question bank, saved progress, and continued review. PSI says practice exams help candidates become familiar with general question types, but they do not replace education and a good practice score does not guarantee an examination outcome. This page reports evidence, not a pass probability.

About this practice set

Facts checked against the current PSI Candidate Information Bulletin and GREC sources.

Are these actual PSI exam questions?

No. Every item is original, written from the current published outline and primary sources. No question is copied, recalled, reconstructed, or represented as a live PSI item.

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No. One practice result is evidence about this question sample. Use the area breakdown, review guesses as well as misses, and confirm improvement with fresh questions on another day.

What should I do after the result?

Open the explanation for every miss and guess, restate the rule, use the linked repair lesson, then continue with the next lesson: Measure all 14 areas with the diagnostic.

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