Practice Test Geeks(MRP) Military Relocation Professional Practice Test
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Military Benefits & Housing Programs Flashcards

7 cards from real MRP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Military Benefits & Housing Programs flashcards as text

  1. Under BAH rate protection, what event would trigger a reduction in a service member's BAH amount?

    Answer: A change in duty station, dependency status, or pay grade

    BAH rate protection prevents decreases due to national rate changes, but a PCS move, loss of a dependent, or change in pay grade can reset the rate.

  2. Which group is specifically exempt from paying the VA loan funding fee?

    Answer: Veterans receiving VA compensation for a service-connected disability

    Veterans who receive VA disability compensation are exempt from the VA funding fee because the fee is waived for those with service-connected disabilities.

  3. What is the primary purpose of a VA Certificate of Eligibility (COE)?

    Answer: It verifies the veteran's eligibility and available entitlement for a VA-backed loan

    The COE is issued by the VA to document that the borrower meets service requirements and shows how much entitlement is available.

  4. In VA loan terminology, what does a veteran's 'entitlement' represent?

    Answer: The dollar amount the VA guarantees to reimburse the lender if the veteran defaults

    Entitlement is the VA's guaranty to the lender—it reduces the lender's risk and is what allows VA loans to be made without a down payment.

  5. How is a single service member's BAH rate determined when they live off-post?

    Answer: By the rental housing costs in the zip code of their duty station

    BAH is based on local rental market data—specifically median costs for the housing type corresponding to the member's pay grade in their duty station zip code.

  6. What happens to a veteran's 'used' VA loan entitlement after the VA loan is paid in full and the property is sold?

    Answer: The entitlement can be restored by submitting a request to the VA

    After the loan is paid off and the property disposed of, the veteran must apply for entitlement restoration using VA Form 26-1880.

  7. Which statement most accurately describes the rules for assuming a VA loan originated after March 1, 1988?

    Answer: Both the lender and VA must approve the assumption and the assumer must qualify

    The 1988 rule ended 'free assumability'—post-1988 VA loans require lender and VA approval, and the assumer must meet creditworthiness standards.