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

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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+.

Sub: #1 posted on Wed, 02/05/2020 - 21:33

Nick Jonas Nick Jonas

(Posts: 423 | Credits: )

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.

Sub: #2 posted on Thu, 02/06/2020 - 22:18

Craigh.terry Craigh.terry

(Posts: 142 | Credits: )

Do you have a good income? If no, then try to improve your earing fast including improving your credit score before taking out a loan.

Sub: #3 posted on Fri, 02/07/2020 - 05:50

sanderspatricia29 sanderspatricia29

(Posts: 1189 | Credits: )

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