The answer isn’t so easy, there isn’t a set score. It depends on the lender and each lenders overlay of requirements. Yes FHA will take scores in the 500’s but some lenders will not initiate a FHA loan with less than 640. Conventional loans can be 620 to 760, even though they may be using FNMA rules of underwriting. Again, It depends on the lender.

The other factor determining the required credit score is LTV (loan-to-value) or put another way the amount of down payment. You should start there and then look for lenders that will fit your specific credit profile.

Another issue is the property type. For instance a single family residence may be preferred by one lender over a condo or a rural property. Property type then becomes another factor.

So, the correct answer is: It depends on the lender!