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Let’s discuss what home loan options are available to a first-time home buyer with poor credit and then discuss ways to improve a low credit score.. your credit and debts may affect his ability to get a home depending on what type of loan you’re trying to get. I think the best immediate.
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If you want a good deal on a home, here’s the credit score you need – If you’re in the market for a home and don’t have sterling credit yet, you also have some other options. Some financial institutions may offer a loan to borrowers with credit in the "fair" and "poor".
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Minimum credit score requirements for FHA home loans depend on which FHA loan product the applicant needs. Generally speaking, to get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better.
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