What credit score do I need to get a mortgage?

Tuesday, March 25th, 2014 at 9:36pm

What credit score do I need to get a mortgage?

An FHA or VA loan will typically require a credit score in the 600s. A conventional loan will become possible at higher scores – the minimum will depend on other factors like down payment and debt-to-income ratio. The lowest possible score however is 620.

We check credit scores with Experian, Equifax and Experian and use the median (middle) of your three scores. If you and someone else are pre-qualifying for a loan, we will take the lower median of the two of you.

Pre-Qualify Now: https://ajaffe.firsthome.com/startapp

Questions? ajaffe@firsthome.com 240 – 479 – 7658

There are many different types of scores. Learn more: https://www.alexjaffe.com/credit-reports

Not seen your report in awhile? You can check it here for free: annualcreditreport.com.