where does your credit score need to be to get a mortgage?

Question

140

Answer 1 · 2020-12-22 09:10:57

Trena D Miller, Personal Care Aide

@trenam • 12/22/20 This answer was first published on 12/22/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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620 for some like the FHA.

Answer 2 · 2023-07-21 08:46:12

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Aaron Polk, Mortgage Broker-Owner

@AaronPolk • 07/21/23 This answer was first published on 07/21/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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620 for Conventional
580 for FHA w/ a 3.5% minimum down payment
500 for FHA w/ a 10% minimum down payment

Answer 3 · 2023-08-14 19:15:21

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Natalie, Member

@npozdol11 • 08/14/23 This answer was first published on 08/14/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Above 680 depending the type of loan

Answer 4 · 2023-07-28 16:41:19

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Jason, Member

@j_e_smith0812 • 07/28/23 This answer was first published on 07/28/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The credit score can be as low as 580 for FHA. Just will depend on lender.

Answer 5 · 2023-06-28 01:33:15

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Alfie, Member

@alfieludhal • 06/28/23 This answer was first published on 06/28/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Credit score for buying a home, 650+, Also cant have any debts that can’t be paid off right away.

Answer 6 · 2023-05-31 14:56:07

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Lenora Christine, Member

@thegardenersolutions • 05/31/23 This answer was first published on 05/31/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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680 with 30% usage on credit cards, no missed loan or credit card payments, no new credit cards or loans

Answer 7 · 2023-05-16 07:17:52

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Angela N Lingle, CEO

@angiejohnson1605 • 05/16/23 This answer was first published on 05/16/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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580-620 is what it is for an fha loan

Answer 8 · 2023-05-14 01:11:27

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William, Member

@jeffreypratt0220 • 05/14/23 This answer was first published on 05/14/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

Answer 9 · 2023-05-02 13:25:13

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Joyce, Member

@joyce_gaston • 05/02/23 This answer was first published on 05/02/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Credit score minimum 620 or higher

Answer 10 · 2023-04-24 19:20:07

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Genevieve, Member

@cadetgenevievea • 04/24/23 This answer was first published on 04/24/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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587 for FHA

620 and up for Conventional

Answer 11 · 2022-12-01 20:45:33

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chrisgallatin, Member

@chrisgallatin • 12/01/22 This answer was first published on 12/01/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

where does your credit score need to be to get a mortgage?

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