How to Qualify for a FHA Loan. FHA allows a home buyer with credit scores of 580 to put a 3.5% down payment when buying a home. The down payment funds must be the borrower’s own funds and no seller’s concession. If your credit score is below 580 then a 10% down payment will be required and no seller’s concession.
Usda Rural Housing Property Eligibility Government Assisted Mortgage Program Thank you for visiting Government Refinance and Home Purchase Assistance. Our mission is to provide timely and useful information to help Americans understand and take advantage of the ever-changing government-backed mortgage programs.