Fha For Bad Credit Fha Credit Score Requirements How To Get An Fha Loan With Poor Credit I’ve got an FHA mortgage but poor credit. Can I refinance? Oct 05, 2015. keith gumbinger hsh.com. Q: I currently have an FHA loan at 6.5 percent. I’d like to refinance at a lower rate but my credit score is below 600. What can I do to find a better rate? My house is appraised at over $130,000.