Typically, what is the lowest credit score a lender will accept?

500Jason HornsbyTop Flite Financial501-296-9037

Sorry about that. 500 FICO Score with that big of a down payment.

Good evening!There are loan programs that accept as low as 580, though they are a bit more challenging to navigate and generally result in higher interest rates due to risk. There is always the possibility of re-scoring your credit to achieve better terms; we assist clients in this area of their overall profile all of the time. If you would like to chat further, I can be reached at 501-276-6786 or bfrench@topflitefinancial.com. We are a local lender with offices in Paragould, Little Rock, and Hot Springs. Have a great night!

Much more info needed.. a credit score is just one of about 100 different things a lender looks at to determine eligibility... you could have a 750 credit score yet if you have certain derogatory events, you can still be denied.. Foreclosure, short sales, Bankruptcy, etc.. all have mandatory waiting periods.. and if you have defaulted on any government loans/debt, (student loans, back taxes, etc.).. you wont get approved until they are paid.. FHA requires a 500 or above, but in all reality, very, very few lenders will go that low.. and those that do, have very strict guidelines,, few that apply actually get approved.. you are far better off working on getting your credit scores improved.. if you can get above 620, you will have many more options available to you,,, (assuming you meet all eligibility guidelines).. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

LeaderOne Financial has an office in Bentonville, AR ask for Lance Hauth. He can be reached at 479-271-9100. LeaderOne Financial offers the 500 mid FICO FHA home loan program.