FHA LOANS - EASY QUALIFICATION: FHA loans are a great option for first-time homebuyers thanks to their low down payment requirements. Tampa Bay home buyers with a credit score of at least 580, may qualify for an FHA loan with as little as 3.5% down. If your credit score is between 500 and 579, then a 10% down payment would be required. FHA loans also allow you to carry a higher Debt-to-Income (DTI) ratio: meaning you may still qualify as long as you have manageable levels of debt in relation to your monthly income. I would be happy to refer you to an excellent lender if you would like to know more.