Wells Fargo is now providing FHA mortgages to borrowers with credit scores as low as 500. Under this new bank policy, Wells Fargo will accept consumers with credit scores of 500-579 if those borrowers can make a down payment of at least 10%; gifted funds or other down payment assistance is not allowed. For consumers with credit scores of 580-599, borrowers must put down 5%, with the same restriction on gifts or assistance funds. Consumers with credit scores of 600 or higher can make the FHA minimum required down payment of only 3.5%.