The minimum FICO credit score for an FHA loan is 500 or higher.
If your score is at least 580, you also need at least a 3.5% down payment.
You can still get approved for an FHA loan with a credit score lower than 580 and down to 500, but you’ll need a larger down payment of at least 10%.
What is a good credit score to purchase a house?
To get the lowest rate, you’ll need a credit score of 760 or higher. But a credit score of only 580 or higher is needed for first-time homebuyers to qualify for a Federal Housing Administration (FHA) loan with 3.5 percent down.
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