Can You Get an FHA Loan With a 580 Credit Score?

Yes, it’s possible. FHA guidelines allow borrowers with a 580 credit score to buy with FHA’s lowest minimum down payment. The catch: many lenders set their own minimums higher than FHA’s. Because Avalon works with 130+ lenders, we can look for the ones that work with your score.

What credit score do you need for an FHA loan?

Under FHA guidelines:

• 580 or higher: you may qualify for FHA’s lowest minimum down payment.
• 500 to 579: you may still qualify, with a larger down payment.

Your score is one part of the picture. Income, debts, savings and payment history matter too.

Why did another lender tell me no?

Many banks and lenders add their own stricter rules on top of FHA’s, like requiring a 620 or 640 score. That doesn’t mean you can’t get an FHA loan. It means that lender won’t do it. With access to 130+ lenders, we can often find one whose guidelines fit you.

Is FHA the right loan for me?

FHA is often a great fit for first-time buyers, buyers rebuilding credit, or anyone with a smaller down payment. Sometimes a conventional loan works out better, especially as your score improves. We’ll compare both and show you which makes more sense. Buying in Georgia? Here’s what to expect for Georgia closing costs.

Learn more on our Buy a home page, or see how much house you can afford.

Frequently asked questions

Can I get an FHA loan with a credit score under 580?

Possibly. FHA allows scores from 500 to 579 with a larger down payment, though fewer lenders offer it. We can check who will.

Can I improve my score before applying?

Often, yes. Paying down credit card balances and making every payment on time can help. We’re happy to look at your credit and tell you what would make the biggest difference.

Are FHA loans only for first-time buyers?

No. FHA loans are open to repeat buyers too, as long as the home will be your primary residence.