Finance
A NH borrower with a FICO score of 740 will generally qualify for:
AOnly FHA loans with the minimum down payment
BFavorable conventional mortgage rates available to well-qualified borrowers✓ Correct
COnly VA loans regardless of military service
DNo loans — they must use a hard money lender
Explanation
A 740 FICO score is considered very good. Borrowers with this score typically qualify for conventional financing at favorable interest rates, as they fall well above minimum requirements for most loan programs.
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