FHA Loans. … If you’re a first–time home buyer or haven’t purchased a home in the last 3 years, you could qualify for this loan. The minimum credit score needed to get an FHA loan is usually around 580. If you can make a 10% down payment, you can probably get approved with a credit score between 500 – 579.
Subsequently, can I get a home loan with a 500 credit score?
What credit score do you need to buy a house? It’s possible to get an FHA loan with a credit score of 580 or 500, depending on the size of your down payment. VA, USDA, and conventional loans do have a set minimum credit score but lenders will generally require a credit score of at least 620.
Also question is, what is the easiest mortgage to qualify for?