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  2. 3 Reasons That a 660 Credit Score Is Good Enough - AOL

    www.aol.com/3-reasons-660-credit-score-104515363...

    In fact, FHA loans with 3.5% down payments start at about 580 (you have to be a really strong borrower in ways beyond credit, though). And conventional loans start at about 620, depending on your ...

  3. FHA loans: Definition, requirements and limits - AOL

    www.aol.com/finance/fha-loans-134807555.html

    Credit score minimum. 620. 580 with a 3.5% down payment or as low as 500 with at least 10% down. Down payment minimum. 3% for fixed-rate loans; 5% for adjustable-rate loans

  4. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    FHA mortgage insurance also encourages lenders to make loans to otherwise credit-worthy borrowers and projects that might not be able to meet conventional underwriting requirements, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements, including manufactured homes, single and multifamily ...

  5. How to buy a house with bad credit - AOL

    www.aol.com/finance/buy-house-bad-credit...

    Loan type. Credit score minimum. Conventional loan. 620 or 660 depending on program. FHA loan. 580 (or 500 with a minimum 10 percent down payment) VA loan. No official requirement, but typically ...

  6. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    An FHA loan is a mortgage loan whose repayment is guaranteed by the Federal Housing Administration (FHA). The Act: Increased the FHA loan limit from 95 percent to 110 percent of area median home price up to 150 percent of the GSE conforming loan limit, or $625,000), effective January 1, 2009. Required a down payment of at least 3.5 percent for ...

  7. Want a Mortgage? Here's the Credit Score Range You Need - AOL

    www.aol.com/want-mortgage-heres-credit-score...

    According to the latest available data from FICO, someone with a 660 credit score would get an average mortgage interest rate of 6.62%, with a monthly payment of $1,382 for a $216,000 30-year ...

  8. Mortgage application: What’s included and how to prepare - AOL

    www.aol.com/finance/mortgage-application...

    You can apply for a mortgage with a low credit score. FHA loans are available if you have a score as low as 500, provided you have a 10 percent down payment saved up. With 3.5 percent down, you ...

  9. How much is an FHA loan down payment? - AOL

    www.aol.com/finance/much-fha-loan-down-payment...

    For a $300,000 home purchase, that’s $10,500 down at the low end and $30,000 at the top. Mortgage. You can only borrow so much with an FHA loan: $498,257 for a single-family home in most housing ...

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