Trena D Miller, Personal Care Aide
@trenam
620 for some like the FHA.
Aaron Polk, Mortgage Broker-Owner
@AaronPolk
- 620 for Conventional
- 580 for FHA w/ a 3.5% minimum down payment
- 500 for FHA w/ a 10% minimum down payment
Natalie, Member
@npozdol11
Above 680 depending the type of loan
Jason, Member
@j_e_smith0812
The credit score can be as low as 580 for FHA. Just will depend on lender.
Alfie, Member
@alfieludhal
Credit score for buying a home, 650+, Also cant have any debts that can’t be paid off right away.
Lenora Christine, Member
@thegardenersolutions
680 with 30% usage on credit cards, no missed loan or credit card payments, no new credit cards or loans
Angela N Lingle, CEO
@angiejohnson1605
580-620 is what it is for an fha loan
William, Member
@jeffreypratt0220
If you want to get a USDA home loan?
Then all you need is a 580 credit score.
It’s basically the same as a FHA Home Loan.
Joyce, Member
@joyce_gaston
Credit score minimum 620 or higher
Genevieve, Member
@cadetgenevievea
587 for FHA
620 and up for Conventional
chrisgallatin, Member
@chrisgallatin
Technically, FHA financing allows a score as low as 580, but realistically, the interest rates (which are currently high compared to 2020) you will be offered with a low credit score will be as much as 2-3 points higher than someone with a 740 FICO score. That can result in one borrower paying several hundred dollars more per month than the other. Since it can be costly to re-finance a loan after a few years, it's best to do all you can to get to a score above 700, to help keep costs down both per month and over 30 years.
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