Posted on May 18, 2016 - 10:04 AM
by REMAX ALL AMERICAN REALTY
unlike the VA loan, with the FHA loan you are required to put down a certain percentage on a mortgage. to get a mortgage with a down payment as low as 3.5% (purchase price of a home) the borrower (you) needs a credit of 580 or higher. those with 500-597 must make a down payment of 10%. (purchase price of a home).