FHA Home Loan Guidelines


credit score for home loan mortgage

FHA Credit Requirement

The FHA Guidelines on the minimum Credit Score needed by a borrower to insure a loan is 580. The majority of FHA Lenders require between a 620 and 640 score for FHA mortgages.



fha down payment

Down Payment

FHA Loans require a minimum downpayment of 3.5% if you have a credit score of 580 or higher. If you have a score of 500-579 it may be possible to get approved with 10% down.


fha vs conventional

Conventional vs FHA Loans

We compare the Pros and Cons of both conventional and FHA loans. FHA Loans are easier to qualify for and require a low downpayment while conventional loans could save you money over the course of the loan.

Closing costs

FHA Closing costs

Typically the lower your credit score is the higher your closing costs will be. On average you can expect to pay between 1-2% for closing costs.