FHA Loan Credit Rating Needs Can we get an FHA loan with bad credit? Borrowers with fico scores of 580 and above are qualified to receive maximum financing, or simply just 3.5% down. Here is the low-down repayment loan system the FHA is well-known for. And a 580 credit rating is exactly what i might determine as “bad, ” so that the answer compared to that real question is yes. Let’s say my credit history is below 580?