Finance
An Indiana homebuyer with a credit score below 580 who wants to obtain an FHA loan would generally need:
AA minimum 3.5% down payment
BA minimum 10% down payment✓ Correct
CA minimum 20% down payment
DA co-signer only
Explanation
FHA loans require a 3.5% down payment for borrowers with a 580+ score. Borrowers with scores between 500–579 may be eligible with a 10% down payment, though many FHA lenders set higher minimum scores.
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