Although the minimum credit score changes with the times it is currently a minimum of 620-640 for the 3.5% minimum requirement and anything less will require a 10% down payment. You sjhould also know that these credit requirements are the FHA guidelines, you will have to find a bank that will work with the lower scores. I've been told by an FHA specialist that 640 is what a lot of the banks are looking for as a minimum.
The FHA does not back loans for Coops, they do back loans for condos but are limited to those on the FHA approved list. To see if a certain condo is on the approved list you can visit the following link, https://entp.hud.gov/idapp/html/condlook.cfm?CFID=13461634&a
All FHA loans require mortgage insurance and there is also an upfront mortgage insurance premium of 1 3/4% that can be financed.
The FHA loan limits for Westchester County NY are still $729,750 for single family homes and $934,000 for two family homes.
These are the basics, you will need to speak with an FHA specialist to see if you will qualify. Please note that I am not a loan officer, I am a Westchester County Buyers agent that specializes in FHA & conventional loans
You'll also find that places that take lower scores may also deny your loan not for the score itself but for the reasons the score is low - typically late payments, etc. that make the applicant not qualify under FHA's rules.
Our minimum score is 640.
The credit score requirements change from time to time. I think right now the minimum is 600, but it has been bouncing between 620 and 600 over the last year.