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FHA Loan FICO Score Requirements: A Reader Question

091A reader asks, “We r trying to buy a new double wide and property combo. But our credit scores are 582 & 533. The place where we are getting the house thru said it probly wouldn’t be a problem to get the loan. What do u think?”

The answer to this question is fairly simple. When a borrower’s FICO scores are within the FHA minimums for maximum financing, it’s then the lender’s decision to approve or deny the loan based on the lending standards of that financial institution.

Let’s examine the FHA FICO score minimum chart as published in HUD 4155.1 and on the FHA official site:

FHA CREDIT SCORES FICOThat’s an exact reproduction of the chart found in HUD 4155.1. As you can see, one borrower’s credit score is within the FHA loan FICO standards for maximum financing, the other is not. In this case it is entirely possible that the lender might require a higher down payment due to one co-borrower’s FICO scores. In this case the borrowers should discuss the situation with the lender to see what might be required.

When the FICO scores are within FHA standards for maximum financing, the lender can approve the loan. However, many lenders have higher FICO score requirements than the FHA minimums, and this is permitted under FHA loan rules. It’s not uncommon, it’s not against the rules, and borrowers should definitely take care to find out what FICO score requirements a given lender has for maximum financing.

Do you have questions about FHA home loans? Ask us in the comments section.

Joe Wallace - Staff Writer

By Joe Wallace

January 22, 2015

Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for for (8) years and is currently the Associate Editor for

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About was launched in 2010 by seasoned mortgage professionals wanting to educate homebuyers about the guidelines for FHA insured mortgage loans. Popular FHA topics include credit requirements, FHA loan limits, mortgage insurance premiums, closing costs and many more. The authors have written thousands of blogs specific to FHA mortgages and the site has substantially increased readership over the years and has become known for its “FHA News and Views”.

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