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FHA

A Federal Housing Administration (FHA) loan is a mortgage that is insured by the Federal Housing Administration. FHA loans are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans.

Minimum credit score required: 580

580 credit score requires a minimum down payment of 3.5%
500-579 credit requires a minimum down payment of 10%

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