You can qualify for FHA LOANS with under 580 credit scores and down to 500 FICO with 10% down payment on purchase. However, you need approve/eligible per Automated Underwriting System Findings. To get an approve/eligible per AUS FINDINGS, you need no late payments on any debt payments for past 12 months. Judgments is allowed with 3 months of seasoned payments with written payment agreements from judgment creditor.
Gustan Cho NMLS 873293
The Gustan Cho Team at USA MORTGAGE