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· What you have to keep in mind is there will be first time home buyer expenses you did not necessarily think about. You need to look at the full picture of what this home is going to cost you. If after you account for all of these extra home buying costs, you can still make it work, then start packing and enjoy your new life in your ideal home.
First-time home buyers and repeat home buyers can use the program to purchase almost any type of residence as long as they meet FHA loan requirements. Those include a minimum credit score of 500.