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Rate and Notes: FHA loans are very flexible for buyers whose credit and funds saved are low. A matrix of down payment requirements are tied to credit score but we can now go as low as a 580 score. One of the biggest advantages for our company is that we have no ratio overlay for FHA. This means we can lend more which can make the difference between a mediocre home vs. the home you want and need. The ratio is evaluated with other factors to make sure we aren't putting buyers in harms way, but this is certainly the best program if we have affordability issues with other programs.