The USDA-guaranteed loan program backs 90% of the loan amount, which allows USDA-approved lenders to consider borrowers who may not qualify for conventional home loans. usda mortgage loans require a minimum credit score of 640 for automatic approval – provided other requirements are also met.
Fha Fico Requirements How Do You Qualify For An Fha Loan How to Qualify for an FHA Mortgage. The Federal Housing Administration (FHA), a government agency within the U.S. Department of Housing and urban development (hud), insures home loans for borrowers who qualify. Because there is a guarantee of repayment should the borrower default, lenders are less stringent in their underwriting.