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To qualify for a FHA 203K loan, applicants must meet the lender's credit requirements, which can vary from lender to lender, according to Realtor.com. Applicants must be able to make a down payment of a minimum 3.5 perce... More »

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Stearns provides conventional financing, in which mortgage insurance is not necessary if a borrower makes a minimum down payment of 20 percent of the new home's value; FHA loans, which require a minimum down payment of 3... More »

www.reference.com Business & Finance Credit & Lending

The main requirements for getting a loan from the SBA include a business plan, a personal background, a personal credit report, income tax returns, business credit report, bank statements and legal documents, according t... More »

www.reference.com Business & Finance Credit & Lending
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The minimum credit score requirement for an FHA loan is 500, as of April 2015, but it varies from lender to lender, according to Investopedia. Documentation of steady income, an acceptable down payment and use of the pro... More »

www.reference.com Business & Finance Credit & Lending

To qualify for an FHA 203k loan, an individual needs to meet the standards of their particular lender, which often means a credit score of 640 or higher and a debt-to-income ratio of 43 percent, states Realtor. Individua... More »

www.reference.com Business & Finance Credit & Lending

An FHA loan is backed by the Federal Housing Administration and is offered through specific lenders, while a conventional home loan can be obtained by almost any lender and isn't backed by an agency, according to SFGate.... More »

www.reference.com Business & Finance Credit & Lending

To apply for an FHA loan, contact a local FHA lender and complete an application. It is necessary to provide the lender with documentation concerning income and employment before the application is processed. The applica... More »

www.reference.com Business & Finance Credit & Lending