Credit Required For FHA?

[Jason Eyerly]

Hey all, 

No my fiancée and I have been looking to rent a home here in Las Vegas. Unfortunately, 4 years ago we were hit by unexpected sickness that took a great toll on our credit. Because of this, we've been having a hard time finding a place having been rejected 3 times. I'm starting to wonder if we're better off buying a house that we can rent down the road, utilizing an FHA loan. I know that while not recommended we can get away with less down. This wouldn't be entirely too bad for a long term hold anyways. However, one thing I wonder is what credit is required? We don't have any big things like bankruptcy, foreclosure, repossession, etc. Thankful for any input.

Best Regards, 

 Jason E.