Donna Testa: Tired of renting? Now may be the right time to purchase a home🏡 Credit Requirements for FHA Loans Good Credit History Makes it Easier to Qualify FHA loans provide great assistance to many first time home buyers by offering mortgage loans with lower down payments. While this is a benefit for many people, recent changes in policy may have put the loans just out of reach for some would-be homeowners with questionable credit history. 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. If your credit score is below 580, however, you aren't necessarily excluded from FHA loan eligibility. I work with several local mortgage lenders and they are ready to try and help you :) *message me for more information* ( if you are working with another realtor, let them help you.. If not.. We'd love to!!