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How much credit score is enough to get a private mortgage loan

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Can I qualify for a mortgage loan with 580 credit score?




As per my knowledge, you can. The Federal Housing Administration or FHA requires 580 points to make the minimum down payment of 3.5%.

However, it may vary by lenders.

Sub: #1 posted on Tue, 06/20/2017 - 05:44

sanderspatricia29 sanderspatricia29

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I agree with Patricia, you can get an FHA loan having credit score of 500 to 579, with minimum down payments of 10%.

Sub: #2 posted on Wed, 06/21/2017 - 06:30

tiarajoseph11 tiarajoseph11

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Yes you can provided you contact the right lender. I would recommend the lenders network. They can help you.

Sub: #3 posted on Thu, 06/22/2017 - 00:59

SC SC
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It is better to increase your credit score, if possible, to get suitable rates along with favorable terms and conditions.

Sub: #4 posted on Thu, 06/22/2017 - 06:45

Good Nelly Good Nelly
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