What credit score do I need to get a mortgage?

Most lenders require a score of 620 or better for a conventional loan, but require 20% down at that low of a score. With a score of 680 or higher you can go as low as 3% down on a conventional loan. FHA loans typically require a 640 middle fico score VA & USDA Rural Development loans can be done with 620 middle fico scores. Be weary of lenders that tell you they can get your mortgage done with socores lower than these. Call your local lender 411 loan professional to see what is most common for your area.

Kiernan hit the basics. However my company still has access to FHA down to 500 scores with the right down payment and reserves. I would recommend that you call a few lenders and compare what they can offer.

FHA does not have a minimum credit score, but FHA also does not lend money... Lenders do, and because it's their money, they can set their own rules above and beyond what FHA or any conforming loan product sets as their minimum guidelines... Most lenders want to see a minimum of 640 for FHA and 660 for conventional. However there are lenders out there that will go as low as 560 on FHA and lenders that will go as low as 620 conventional. One important thing to keep in mind is that it takes much more than a good score to get mortgage financing.. Employment history, and type of employment, income, income type (commissions, salary, hourly, self employed), credit history (BK, foreclosure, Short Sale, Repo, Judgments, Collections, etc..) your complete profile is considered when determining your eligibility for a mortgage loan, not just your score.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

We have a low of 620 here through one of our investors. If you are a Borrower in California I would be honored to help you if you are serious, you don't have much time to wait. Rates are skyrocketing daily. Unity West Lending 714-881-5970

FHA does not have a minimum credit score, but FHA also does not lend money... Lenders do, and because it's their money, they can set their own rules above and beyond what FHA or any conforming loan product sets as their minimum guidelines... Most lenders want to see a minimum of 640 for FHA and 660 for conventional. However there are lenders out there that will go as low as 560 on FHA and lenders that will go as low as 620 conventional. One important thing to keep in mind is that it takes much more than a good score to get mortgage financing.. Employment history, and type of employment, income, income type (commissions, salary, hourly, self employed), credit history (BK, foreclosure, Short Sale, Repo, Judgments, Collections, etc..) your complete profile is considered when determining your eligibility for a mortgage loan, not just your score.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

FHA loans don't require minimum credit scores but most lenders want to see at least 620 middle fico score for FHA loans,for conventional loans they usually require at least 640Dali Vavrekloan officer425-351-5363

FHA does not have a minimum credit score, but FHA also does not lend money... Lenders do, and because it's their money, they can set their own rules above and beyond what FHA or any conforming loan product sets as their minimum guidelines... Most lenders want to see a minimum of 640 for FHA and 660 for conventional. However there are lenders out there that will go as low as 560 on FHA and lenders that will go as low as 620 conventional.Dali Vavrekloan officer4253515363

We offer FHA down to 500 score or no score manual underwrites, 580 score for Veterans, and 620 score for USDA and Conventional. What state do you live in?

I could work with a program down to 580 as min with a full review of credit, income, employment, assets and history. I find that it is much better to invest a little more money into credit repair rather than over 30 yrs with a higher rate due to Fico score. You can go to www.ecreditadvisor.com and they will do a free evaluation for you. Your loan submission will hold much more strength through underwriting if you can work on credit. This is not only for bad credit but for simply establishing credit as a new timer.

The answer depends on the actual program you are using, and the individual lenders tolerance for risk. You'll hear all sorts of score comments from all sorts of people... but generally speaking, the preferred middle credit score from all lenders is at least a 640 to be safely in the "can I get a loan" game.