Alabama Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the maximum amount the VA can guarantee on a home loan?

$104,500
$25,000
$417,000
$100,000

The correct answer is: $104,500

The maximum amount the VA can guarantee on a home loan is $104,500. This amount may seem relatively small compared to some of the other options listed, but it is actually the most accurate and current limit set by the VA. Option B may seem like a possible answer since it is the next highest amount listed, but it is not an accurate answer as it does not reflect the current limit. Option C may also seem like a possible answer, but again, it is not the current and most accurate limit set by the VA. Option D is significantly lower than the current limit and therefore is not the correct answer. Overall, the VA has set the maximum amount for home loans at $104,500.