Finance
A Maine buyer using an FHA loan must meet which minimum credit score requirement (as of recent FHA guidelines)?
A500 (with 10% down) or 580 (with 3.5% down)✓ Correct
B620 for all FHA loans
C640 minimum
DNo minimum credit score
Explanation
FHA guidelines require a minimum 580 credit score for the 3.5% minimum down payment option, or a minimum 500 score with a 10% down payment. Individual lenders may impose higher 'overlay' requirements.
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