FHA Loans are popular among homebuyers wanting a low down payment. You may be able to get FHA financing with as little as 3.5% down.
FHA homebuyers with credit scores of 680 can often qualify for the same interest rate as conventional borrowers with a score of 740.
FHA Loans don't require perfect credit to secure financing. In some instances, you may qualify for 3.5% down with a 580 credit score.