FHA Loan Low Credit Score 500 Minimum Credit Score

FHA mortgage loans are issued by federally qualified lenders certified by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.FHA loans are an attractive option, especially for first-time homeowners:

  • 500 – 579 Minimum Credit Score with a 10% down payment.
  • 580 Minimum Credit Score with a 3.5% down payment.
  • Generraly easier to qualify for than conventional loans.
  • Refinance and Cash Out Refinance down to a 500 Credit Score.
  • Cannot exceed statutory loan limits.
  • Click link below for loan limits in your County.
  •  //entp.hud.gov/idapp/html/hicostlook.cfm