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Can you tell what is the lowest credit score to buy a house?

Submitted by Kreldave on Wed, 02/05/2020 - 19:30
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Can you tell what is the lowest credit score to buy a house?


For FHA loans, the minimum credit score you need to have is 580+ FICO score. Tough to obtain a FHA loan with a credit score between 500 and 579. For VA loans, your credit score should be 620+.


Submitted by Nick Jonas on Wed, 02/05/2020 - 21:33

Nick Jonas

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Well, you may come across different types of mortgage loans having different credit score requirements like:
Jumbo loans: Minimum credit score 700
USDA loans: Minimum credit score of 580
VA loans: Minimum credit score of 620
FHA loans: Minimum credit score of 500 (if you make a down payment of 10%) and 580( if you make a down payment of 3.5%)
However, it's highly advisable to check the minimum credit score required once with the respective lender before you proceed further.


Submitted by Craigh.terry on Thu, 02/06/2020 - 22:18

Craigh.terry

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