An FHA loan is possibly the best home loan program for a first time home buyer with limited access to financial assets. However you should always have options, especially if you are a first time home buyer.
The FHA does not set a required minimum credit score in order to be applicable for an FHA loan but instead, each borrower's credit in considered together. These loans have some leeway, even if you have filed for bankruptcy before, but lenders can implement their own requirements on top of those already in place. For example, some may require a minimum credit score.
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