FHA Loans down to a 500 credit score with 10% down. Almost all lenders require a 620 credit score to get an FHA mortgage. Most lenders use an automated system to get the customers loan approval (Total Score Card) which runs through DU (Desktop Underwriter) or LP (Loan Prospector).. FHA Home Loans: 20% Down Is Not Necessary.

This is an important question, particularly for FHA loans. While FHA allows as little as 3.5% down, with a down payment of 10% or more, your mortgage insurance premiums will end after 11 years. Put.

How To Get An Fha Loan (For more, see How to Get Rid of Private Mortgage Insurance.) FHA mortgage insurance premium If you can’t qualify for a conventional loan product, you might consider an FHA loan. Like some.