FHA, Federal Housing Administration was first created in 1934.
Borrowers who have a FICO score lower than 580 must put up a 10% downpayment to qualify.
Two year stable income, fewer than 30 days late payments on a credit report.
FHA limit amount varies depending on the market of the property being purchased.
For more information of homes for sale near the beach, oceanfront, riverfront or condimiums or foreclosures go to http://www.beachhomesdaytona.com
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