To qualify for an FHA loan, a borrower is required to have a minimum credit score of 500. However, this score is generally not enough to secure approval for the loan. Most lenders prefer borrowers with a credit score of at least 580. Keep in mind that a higher credit score usually results in a lower interest rate and more favorable loan terms. It's important to note that credit scores are not the only factor that lenders consider when assessing a borrower's eligibility for an FHA loan. Other factors such as income, employment history, and debt-to-income ratio also play a crucial role in the approval process.