fha loan down payment requirements

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  1. –  · Maximum loan amount vary by county for traditional FHA loans. The current base FHA loan limit in most of Florida counties for a one-family home is set at $314,827.00.

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    FHA Loan applicants must have a minimum FICO® score of 580 to qualify for the low down payment advantage which is currently at 3.5%. If your credit score is below 580, the down payment requirement is 10%.

    Fewer first-time home buyers likely to qualify for mortgages under tougher FHA standards – The FHA, which insures mortgages for borrowers with spotty credit who can’t afford a larger down payment, said it will put. In 2016, the agency eliminated a rule that required manual reviews for.