Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - How many secured cards should I get? - I recently applied for a FHAUSDA home loan and my credit score was in the mid-500 range. My score has to be at least 620 to qualify for the loan. The loan adviser told me to work on my credit and reapply in approximately 10-12 months. I filed Chapter 7 Bankruptcy and it was discharged in August 2009. The adviser also told me I could not qualify for the loan until my discharge was two years old, and my score would jump at that time also.