FHA loan requirements 2021 minimum credit score of 580 for 3.5% down payment. On January 20, 2010 FHA changed the minimum credit score for new borrowers.
- FHA requirements new borrowers will now be required to have a minimum credit score of 580 to qualify for 3.5% down payment
- Borrowers with less than a 580 credit score will be required to put down at least 10%
- As a result the minimum credit score for an FHA loan is 500
Finally this has allowed the FHA to better balance its risk and continue to provide financing for home buyers.
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