Lafayette 24 7 Payday Loans

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Thanks to a new FHA policy, lenders could start reducing their FHA minimum credit score requirements in 2017, opening homeownership to thousands more home buyers.

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It marks a 60-point improvement over 2017, when FHA lenders required 640 FICO scores or better to get approved.

Traditionally states have capped small loan rates at 24 to 48 percent annual interest and required installment repayment schedules.

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