Unfortunately, this is not a yes-or-no question. The Department of Housing and Urban Development (HUD) has some specific guidelines for borrower credit scores, and they are explained below. But the lenders that actually originate the loans can use their own standards as well. So it’s basically a two-tiered system of eligibility.
With that being said, there are certain industry-wide trends we can use to at least partially answer this question. Continue reading “Can I Get an FHA Loan With a Credit Score of 580, 600, 650?”