. applicants must meet the following requirements: Minimum down payment of 3.5 percent An FHA home loan requires a minimum down payment of 3.5 percent of the total home price if you have at least a.
The minimum credit score needed to qualify for an FHA loan is 500. But keep in mind that lenders often require a higher score to underwrite an FHA loan, so that number could be a bit higher. A better idea: aim for at least a 580 or higher so you can reduce your down payment if needed.