Finance
A Virginia buyer's credit score is 580. Which loan type is most likely available to them with a minimum down payment?
AConventional loan with 3% down
BVA loan with no down payment
CFHA loan with 10% down✓ Correct
DUSDA loan with no down payment
Explanation
FHA requires a minimum 580 credit score for 3.5% down; borrowers with 500-579 may qualify with 10% down. Conventional loans typically require 620+. For a 580 score, FHA with 10% is most accessible.
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