Jan 21 2010
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FHA has not increased down payment for …
Buyers with a middle score of 580 or higher will not be required to pay a higher down payment. Only buyers who have a 579 or lower middle score will be required to pay a down payment minimum of 10%.
The flip side of this is very few lenders, if any, are approving applications for buyers who have a 619 or lower middle credit score.
For free information call 678-439-8683
