Minimum credit score for an fha loan – Credit history and score requirements for those interested in applying for an fha loan applicants are now required to have a minimum fico score of 580 to qualify for the low down payment advantage which is currently at around 3 5 percent. Borrowers with scores between 500 and 579 are required to put more money down at least 10.
If your credit score is below 580 however you aren t necessarily excluded from fha loan eligibility.
Minimum credit score for an fha loan – A credit score of 500 is the bare minimum to qualify for an fha loan. In order to qualify for an fha loan you must have at least a 500 credit score however a. The official government imposed minimum credit score for an fha home loan is 500. Minimum credit score for an fha loan
To qualify for the. In order to take advantage of the 3 5 down payment option however you will need a score of 580 or higher. Minimum credit score for an fha loan