Can I get an FHA loan with a 580 credit score?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes. 580 is exactly the score that unlocks FHA's 3.5%-down option, making it the go-to loan at that level. You'll still need documented income and a clean recent payment record.
At 580 your rate and mortgage insurance are higher than a strong-credit borrower's, so we'll also show what a modest score bump to 620 could save with a conventional loan.
580 is the sweet spot
Yes. A 580 credit score is the minimum for an FHA loan with just 3.5% down. It is the most common path for buyers who are rebuilding credit or buying their first home.
Our FHA programs accept 580 with documented income and a clean recent payment history, even though some lenders set a higher bar.
What 580 costs you
At 580 you will pay FHA mortgage insurance and likely a slightly higher rate than a 700-score borrower. A few months of credit cleanup could push you toward a conventional option.
We map both routes so you can compare the real monthly cost. Reach out and we will tell you whether to buy now at 580 or wait and save.