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HUD Minimum Credit Score Guidelines
What Are The Minimum Credit Scores To Qualify For A FHA Loan?
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To qualify for a 3.5% down payment FHA loan, you need a 580 credit score. To qualify for an FHA loan with credit scores between 500 to 579 FICO, you need 10% down payment. As long as you have been timely on all of your payments in the past 12 months and meet the minimum debt-to-income ratio of 46.9% front-end and 56.9% back-end, you can qualify for an FHA loan and get an approve/eligible per automated underwriting system.