This session in Beijing marked the official launch of the Propell Teacher Workshop for the TOEIC Bridge(tm) test. Propell (TM) Teacher Workshops for the TOEIC(R) Tests Offered Free-of-Charge to English-Language Teachers Across Asia.
The Federal Housing Administration backs up mortgage loans through a mortgage insurance program that guarantees a loan if the borrower defaults. FHA has certain inspection guidelines that a home must meet before the loan can be guaranteed.
Standard FHA-insured mortgages require the home buyer to put up a down payment of at least 3.5 percent of the purchase price. This is one of the lowest down payment levels available for mortgages. To get an FHA loan with a 3.5 percent down payment, the home buyer must have a FICO credit score of at least 580. HUD increased the minimum score for a minimum down payment FHA loan from 500 to 580 in January 2010. Approved FHA loan home buyers with credit scores below 580 are required to make a down payment of 10 percent or more of the home's purchase price.