What is the minimum credit score required for the maximum FHA loan-to-value ratio of 96.5% (3.5% down)?

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Multiple Choice

What is the minimum credit score required for the maximum FHA loan-to-value ratio of 96.5% (3.5% down)?

FHA financing with a 3.5% down payment allows the highest loan-to-value, 96.5%, but only if the borrower meets a minimum FICO score. A credit score of 580 or higher qualifies you for that 3.5% down and 96.5% LTV. If your score is below 580, you must make a larger down payment (typically 10%), which reduces the maximum LTV to 90%. So the smallest score that still lets you get the maximum financing is 580.

FHA financing with a 3.5% down payment allows the highest loan-to-value, 96.5%, but only if the borrower meets a minimum FICO score. A credit score of 580 or higher qualifies you for that 3.5% down and 96.5% LTV. If your score is below 580, you must make a larger down payment (typically 10%), which reduces the maximum LTV to 90%. So the smallest score that still lets you get the maximum financing is 580.

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