Home » Archive

Articles tagged with: FICO Report

Featured »

[6 Sep 2021 | No Comment | 2,776 views]
What is the Average Credit Score for FHA Home Loans?

FHA has a two-tier credit score system for insuring loans. First-tier loans require a minimum down payment of 3.5 percent, while second-tier loans require at least 10 percent. The first tier includes those with FICO scores of 580 or above, while the second tier includes those between 500 and 579. FHA does not insure loans with anything below a 500 credit score.