Finance
A Connecticut buyer is applying for an FHA loan. FHA loans require a minimum down payment of:
A0%
B3%
C3.5%✓ Correct
D5%
Explanation
FHA-insured loans require a minimum down payment of 3.5% for borrowers with a credit score of 580 or higher. Borrowers with credit scores between 500-579 may qualify with a 10% down payment.
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