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FHA loans are the most popular type of loan, especially for first-time homebuyers because of their low down payments and minimal credit score requirements. To get approved for an FHA loan one must have a minimum of 580 on their credit score and at least 3.5% in cash for a down payment.
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The FHA 203k mortgage is a special loan program designed to make it easy for a person to purchase a home in need of repair or to finance necessary repairs to an existing home, rolling the cost of the repairs and mortgage together into one loan. These FHA 203(k) rehab loans are HUD’s primary loan product for the repair and rehabilitation of single-family dwellings.
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The FHA 203k Streamline Loan Made Easy in Texas! The FHA 203ks or the FHA 203k Streamline loan is the answer for those wishing to purchase and renovate a home in Texas. Let’s talk for a moment about a home that has a great structure but just needs some light renovation .
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