The Federal Housing management has insured FHA loans since 1934. The FHA guidelines have changed quite a bit during that time. At one point, the minimum FHA credit score requirement ended up being 640. Now, the FHA is loans that are insuring house purchasers with fico scores as little as 500.

Bad Credit FHA Loans

A bad credit FHA loan will assist you to be eligible for home financing with low credit scores in accordance with no minimum earnings requirement.

What is Bad Credit?

The answer may vary depending upon the loan program from a lending perspective.