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If you want to put just 3.5 percent down, the minimum credit score for an FHA loan is 580. You can qualify with a score as low as 500, but you’ll need to make at least a 10 percent down payment.
Credit score minimum. 620. 580 with a 3.5% down payment or as low as 500 with at least 10% down. Down payment minimum. 3% for fixed-rate loans; 5% for adjustable-rate loans
Different types of loans have different minimum credit score requirements. ... for an FHA loan with a credit score of 500 to 579, with a 10 percent down payment, or with a 3.5 percent down payment ...
FHA loan: Insured by the Federal Housing Administration, FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, or a credit score as low as 500 ...
FHA loans: A 620 score is well above the minimum for an FHA loan, a popular type of mortgage for first-time homebuyers. Applicants need a score of at least 500 with a 10 percent down payment.
Loan type. Credit score minimum. Conventional loan. 620 or 660 depending on program. FHA loan. 580 (or 500 with a minimum 10 percent down payment) VA loan. No official requirement, but typically ...
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