What is the FICO credit required for a mortgage with 30% down?

Please remember that lenders pull 3 credit scores and use the middle. for convention, we go as low as 620. For FHA, it is 600. Even though you are putting down 30%, if your credit is marginal, you may only have FHA available to you. Please call me (707) 328-2864 or email me esta.hoffman@mwfinc.com and we can discuss it specific to you, not generically!

Generally speaking, yes. As the saying goes, "The devil is in the details". Best to get an excellent loan originator who can guide you through all of the options for your specific situation.

The min score for conventional is 620....We have FHA as low as 580. A larger down payment can lead to a lower interest rate. A complete consultation would be needed to advise exactly what your best options are...feel free to contact me at 877-369-4319.

The minimum credit score depends on the type of loan you are getting. FHA you can go below 580 with 10% down, above 580 with 3.5% down payment. For conventional you will need a 620 no matter what. However, the credit score is not the only factor to qualify. They will look over your total credit picture to determine qualification as well as your income, debts, job history etc. Generally, you will receive a slightly better rate or increased lender credit with the more down payment you put down. The best thing to do is to talk with a local loan officer, do a complete loan application and have them review your information so you can get pre-qualified. Best wishes, Sean