Finance
A Michigan FHA loan requires a minimum down payment of:
A0%
B3.5% (for borrowers with credit scores ≥ 580)✓ Correct
C5%
D10%
Explanation
FHA loans require a minimum down payment of 3.5% for borrowers with credit scores of 580 or higher. Borrowers with scores between 500-579 must put down 10%.
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