Famous Best Fha Loans For First Time Home Buyers References. Each loan type solves a specific home buyer’s need. Your credit score is one important factor in determining what kind of loan you qualify for.

Low down payment conventional mortgages. Your credit score is one important factor in determining what kind of loan you qualify for. But many homeowners simply cannot come up with a 20% down payment, and fha mortgages only require 3.5% down unless your fico scores are within a certain low range that.