Finance
A Mississippi borrower with a credit score of 620 would be considered for which type of loan at standard rates?
AA prime conventional loan at the best available rates
BAn FHA loan, which has more flexible credit requirements than conventional loans✓ Correct
CA VA loan without any credit requirements
DA USDA direct loan with no credit check
Explanation
FHA loans are more accessible to borrowers with lower credit scores (minimum 580 for 3.5% down, 500–579 for 10% down).
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