Ace the 2026 TILA Mortgage Loan Officer Exam – Your Path to Loan Leadership!

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A loan that is eligible for the QM presumption sold to which agency will comply with the ATR standards?

FHA only

VA only

Both VA and FHA

The correct answer is that a loan eligible for the Qualified Mortgage (QM) presumption, when sold to either the FHA (Federal Housing Administration) or the VA (Veterans Affairs), will comply with the Ability to Repay (ATR) standards.

The ATR rule requires lenders to ensure that borrowers have the ability to repay their loans, and the QM presumption provides certain protections for lenders. When a loan is classified as a QM, it is assumed to comply with the ATR requirements. Both the FHA and VA have guidelines that align with the ATR standards, making loans sold to these agencies safe harbors in terms of compliance with the ATR rule.

Thus, loans sold to either agency enjoy this presumption, ensuring that both are working within the established regulations designed to protect consumers and promote responsible lending practices. Agencies like private lenders do not have the same alignment with ATR standards, which is why they are not included in the correct answer.

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Private lenders