Finance
A Mississippi borrower with a 580 credit score applies for a mortgage. The best loan option is likely:
AConventional loan with 5% down
BFHA loan, which allows scores as low as 580 with 3.5% down✓ Correct
CVA loan, which has no minimum credit score
DUSDA loan with no down payment
Explanation
FHA loans allow credit scores as low as 580 with 3.5% down (scores 500-579 require 10% down).
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