Finance
Which of the following is a characteristic of an FHA loan that makes it more accessible to first-time buyers?
ANo mortgage insurance required
BLower down payment and more flexible credit requirements✓ Correct
CAvailable only to veterans
DNo income limits or property restrictions
Explanation
FHA loans are designed for accessibility — they require only 3.5% down (with a 580+ credit score) and have more flexible credit and debt-to-income requirements than conventional loans.
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