Generally, you need at least a FICO Score of 500 to be eligible for a home loan. In addition to credit scores, loanDepot also considers an applicant’s employment history and debt-to-income ratio. With FHA loans, those with a credit score lower than 580 are required to make a larger down payment. Compared with some other lenders, loanDepot offers more flexible programs with a range of terms and rates. Still, not all applicants will qualify.