Can I get FHA under 580?
FHA guidelines may permit a 500 credit score with at least 10% down, but that does not mean a lender will approve the loan. The rest of the file still has to qualify. I specialize in borrowers with scores of 580 and above; below that, a lender experienced with those files may be a better starting point.
What this actually means.
If a lender does work in that band, expect tighter underwriting on everything else: cleaner recent history, higher reserves, lower DTI, and a stronger compensating-factor file.
Where this can move.
Recent late payments, thin credit history, disputed accounts, lender overlays, and automated underwriting findings can change the answer.
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Educational only. FHA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with HUD, FHA, or any government agency.