Why Lenders Lie About Your 580 Credit Score

October 12, 2026

100+ MORTGAGE LENDERS, SO YOU GET THE BEST.

BARE BONES CLOSING COSTS. NO JUNK FEES.

CUSTOM GUARANTEES FOR EVERY SITUATION.

BENEFITS YOU'LL NOT FIND ANYWHERE ELSE.

HAVE BANKS COMPETE FOR YOUR BUSINESS.

Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies

Published By

David Ghazaryan

Owner / Broker / Banker

Contact Me At

(702) 766-3744

NMLS 1486726

TL;DR

Securing an FHA loan with a credit score under 580 is challenging but achievable by understanding the specific approval process.

The FHA itself can approve loans for individuals with credit scores as low as 500, though lender requirements may differ.
Approval for lower scores typically depends on manual underwriting, where an underwriter evaluates your complete financial situation rather than just a number.
Lenders seek compensating factors, such as significant cash reserves and a low debt-to-income ratio, to balance the perceived risk of a lower credit score.

Read the full blog article here: https://www.iqratemortgages.com/blog/get-a-florida-fha-loan-with-a-sub-580-credit-score

Video Transcript:

Lenders say 580 is the floor, but FHA rules disagree. This requires manual underwriting. I’m David Ghazaryan; I run this. An underwriter looks for your compensating factors, not just scores. Six months of cash reserves show stability beyond a credit score. Finding the right lender bypasses their system of automatic denials. Find my complete analysis on socials, website, see links below.

Read Blog Here: https://www.iqratemortgages.com/blog/get-a-florida-fha-loan-with-a-sub-580-credit-score

David Ghazaryan

Smart, Strategic, and Stress-Free Mortgages
- Expertly Crafted by David Ghazaryan

Take the Next
Step Today

or Schedule a Free Consultation

Prefer to speak with someone? Call us at (702) 766-3744

Big iQRATE Mortgage Icon