People with FICO® Scores of 650 are likely to be offered adjustable-rate mortgage (ARM) loans. The interest rates on these loans stay the same for a certain number of years—usually one, but sometimes three, five, seven, or even 10—and then change every year.

 

 

 

With a credit score of 650, how big of a loan can I get?

 

Lenders usually give FHA loans to people with credit scores as low as 500 as long as they put 10% down. If your credit score is over 580, you might only have to put down 3.5%.