2-Advantages and Limitations-Chapter 22

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22.1.5. Advantages and Limitations Here are the advantages and limitations of an FHA (Federal Housing Administration) loan: Advantages Lower Down Payment: FHA loans require a minimum down payment of 5%, making homeownership more accessible for those with limited savings. Flexible Credit Requirements: Borrowers with lower credit scores (as low as 580 for the 3.5% down […]

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Chapter 22-Residential Financing and Commercial Financing-Summary3-Advantages and Limitations-Chapter 22