FHA loans allow you to borrow up to 96.5% of the value of a home with an FHA loan (meaning you'll need to make a down payment of only 3.5%). You need a credit score of at least 580 to qualify. If your credit score is between 500 and 579, you may be able to get an FHA loan as long as you can make a 10% down payment. With FHA loans, you can have a down payment that comes from savings, a financial gift from a family member, or a grant for down-payment assistance.