The minimum credit score requirement for the FHA loan is 500; however, those wishing to take advantage of the FHA's 3.5% down payment will need a middle score of at least 580. Borrowers who fall between 500 and 580 are required to put at least 10% down.
Credit requirements vary by lender, but typically, here's how the FHA's credit requirements stack up to other mortgage options:
| Loan Type | Minimum Credit Score Requirement |
|---|---|
| FHA | 500 |
| USDA | 640 |
| VA | 620 |
| Conventional | 620 |
