In order for the FHA to insure a mortgage loan the borrower must have at least a 500 credit score with a 10% down payment. However, getting approved for an FHA home loan with a credit score in the 500-579 range is very difficult, even with 10% or more down.
Benzinga has pulled average home values and used current rates and loan terms to give you a better. You’ll need a 620 minimum credit score for this lender and can apply for a conventional, FHA,
Get Preapproved For Fha Loan That said, FHA loan programs will accept scores as low as 540. for a lender Many people assume that if they go to more than one lender when trying to get pre-approved for a mortgage it will.