3.5% DOWN FHA LOAN: You do not need perfect credit or 20% down buy a house. If you have a FICO credit score of at least 580, you may qualify with a down payment of only 3.5%. If your score is between 500 and 579, you might still be eligiblewith a higher down payment. The 2020 FHA loan limit in the Tampa Bay area is $314,827. You could buy a house up to $326,245 with a down paument of just $11,418 (3.5%). Wondering about closing costs? Check out the Estimates tab when you search for a home on transpero.com.