Finance
A Maryland buyer obtains an FHA loan. The minimum down payment required is:
A1%
B3.5%✓ Correct
C5%
D10%
Explanation
FHA loans require a minimum down payment of 3.5% for borrowers with a credit score of 580 or above. Understanding mortgage finance is essential for Maryland real estate professionals advising buyers.. The correct answer is 3.5%.
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