520 CREDIT SCORE

Even with low credit scores you can still achieve the dream of home ownership. The 520 credit score loan product is a strong FHA loan with 10% minimum down payment required. FHA loans are generally more flexible in credit, income, and down payment requirements making them a secure choice for borrowers who might not qualify for Conventional loans.

  • Financing available down to 520 credit score 
  • Minimum 10% down payment from 520 – 579 credit scores. Score of 580+ require only 3.5% minimum down payment 
  • FHA 30 year fixed rate loan 
  • Eligible sources of down payment include checking/savings, 401k, gifts, proceeds from sale of home, inheritance, and more 
  • Can be easier to qualify for than Conventional loans
  • It’s possible to refinance a Conventional loan into an FHA loan