Federal Housing Administration $($FHA$)$ loans differ from conventional loans in a number of ways. All of the following statements regarding FHA loans are true EXCEPT:

FHA loans require higher credit scores than are needed for prime conventional loans.

FHA loans are targeted toward first$-$time homebuyers who are in slightly weaker financial circumstances than the typical prime conventional borrower.

FHA loans contain lower limits on their maximum size than are available through conforming conventional loans.

FHA loans are more tolerant in terms of qualifying debt$-$to$-$income ratios.