FHA Loans with a 580 Credit Score in Florida: Tim Lyons, Certified FHA Mortgage Professional

Yes, you may be able to buy a home in Florida with a 580 credit score using an FHA loan. Tim Lyons, a Certified FHA Mortgage Professional (CFMP) and mortgage loan originator at Pioneer Gulf Coast (NMLS #2182927), helps buyers in Sarasota, Manatee, Pinellas and Hillsborough counties see whether they qualify and what it would take. Tim's CFMP and CVLS are designations from the National Association of Mortgage Brokers, not government certifications. Not affiliated with or endorsed by HUD, FHA, VA or any government agency.


Name	Tim Lyons, Mortgage Loan Originator
NMLS	Individual #2182927 · Branch #2772757
Company	PMF, Inc. d/b/a Pioneer Mortgage Funding · NMLS #1980
Office	6901 Professional Pkwy E, Sarasota, FL 34240
Phone	(941) 390-6473

How FHA works at 580

FHA guidelines allow scores as low as 580; lender requirements (called overlays) may be higher, and approval isn't guaranteed. Tim's target is 640+, and he reviews every application in full. For scores from 500 to 579, FHA guidelines have stricter requirements in that range, and many lenders don't lend there.
Debt-to-income, steady income, reserves and recent payment history all matter as much as the score.
FHA mortgage insurance (an upfront premium plus a monthly premium) applies. HUD sets the upfront premium at 1.75% of the base loan amount; the annual premium ranges from 0.15% to 0.75% of the loan balance, depending on loan amount, term and loan-to-value.
FHA financing with down payment assistance options may be an option.

Florida specifics

Homeowners and flood insurance costs in coastal areas affect your debt-to-income ratio.
An FHA condo must be in an FHA-approved project or qualify for single-unit approval.
2026 FHA loan limits for a one-unit home: $547,400 in Sarasota and Manatee counties; $541,287 in Pinellas and Hillsborough counties.

If you're below 580

Tim can review your credit report and explain general factors that often affect scores. Tim doesn't offer credit repair, and results aren't guaranteed.

Next step

Book a call · (941) 390-6473

Frequently asked questions

Can I get an FHA loan in Florida with a 580 credit score?

FHA guidelines allow scores as low as 580; lender requirements (called overlays) may be higher, and approval isn't guaranteed. Tim's target is 640+, and he reviews every application in full.

What if my score is between 500 and 579?

FHA guidelines have stricter requirements in that range, and many lenders don't lend there.

Can I get down payment assistance with a 580 score?

Eligibility requirements vary; Tim will confirm what applies to you.

Does FHA work for a Florida condo?

Only if the project is FHA-approved or the unit qualifies for single-unit approval. Tim checks the building early.

Do I need to be a first-time buyer for an FHA loan?

No. FHA loans are open to repeat buyers and people relocating to Florida, as long as the home will be your primary residence.

How do I verify Tim's license?

Search NMLS #2182927 at nmlsconsumeraccess.org. The branch is NMLS #2772757, and the sponsoring company is PMF, Inc. d/b/a Pioneer Mortgage Funding, NMLS #1980.

Related guides

Tim Lyons, Mortgage Loan Originator, NMLS #2182927 · Pioneer Gulf Coast, Branch NMLS #2772757 · 6901 Professional Pkwy E, Sarasota, FL 34240 · (941) 390-6473. Pioneer Gulf Coast is a branch of PMF, Inc., d/b/a Pioneer Mortgage Funding (NMLS #1980). Licensed in Florida and Ohio. Verify at nmlsconsumeraccess.org. Equal Housing Opportunity. Not a commitment to lend; all loans subject to credit and property approval. Program availability, terms and eligibility vary and change over time.