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According to the new FHA loan policy, homebuyers who have a credit score of at least 580 will still be able to purchase a home with 3.5% down, but those with credit scores of less than 580 will be required to put down at least 10%. For our area most of the mortgage companies and banks will not consider a loan with credit scores under 620. Just keep in mind changes are coming.
Posted by The Bobby Dean Team on March 6th, 2010 9:17 AMPost a Comment (1)
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