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One item that’s off the table, according to Compass Point, is any change to the FHA’s mortgage insurance life-of-the-loan policy. He is a graduate of University of North Texas..
FHA Loan Requirements in texas. fha loans have specific down payment requirements: In order to qualify for an FHA loan with a 3.5% down payment, you need a minimum FICO score of 580. In order to qualify for an FHA loan with a 10% down payment, you need a minimum FICO credit score of 500.
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