Fha loans have the lowest minimum credit score requirements of any mortgage programs around with a credit score as low as 500 you could qualify for an fha loan with a 10 down payment however lenders set their own credit requirements and finding a lender that can approve your loan with a credit score below 600 will be difficult. Getting an fha loan with a credit score of 600 620 650 etc lets get down to the nitty gritty heres what you need to know about qualifying for an fha loan with a credit score in the 600 range hud has two official cutoff points for borrowers who use this program. It is indeed possible for a person with a 600 credit score to actually get a home loan in fact before the sub prime mortgage crisis an individual with a credit score of 600 to 640 might be able to get a home loan without the need for a down payment however since our economic downturn the mortgage market has changed substantially because the sub prime scandal. Brace yourself for some bad news if you have a credit score of 600 you have whats considered poor credit as a general rule credit scores below 619 receive the worst interest rates on home loans auto loans and credit. If you can find a mortgage with a 600 credit score it will be significantly more expensive than a minimum 675 score the best rates and terms are offered to those with 720 to 850 credit scores mortgage options for those with 600 credit scores come with interest rates often 2 to 3 percent higher than the best published rates
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