Finance
An FHA loan requires a minimum down payment of:
A1% for all buyers
B3.5% for borrowers with credit scores of 580 or higher✓ Correct
C5% for first-time buyers only
D10% for all borrowers
Explanation
FHA loans require a minimum 3.5% down payment for borrowers with a credit score of 580 or higher. Borrowers with scores between 500–579 must put down 10%. FHA loans also require mortgage insurance premiums regardless of down payment size.
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