Credit Score in 28348>Question Details

Doreen Faison, Home Owner in Hope Mills, NC

What credit score is required to be approved for a mortgage or home loan?

Asked by Doreen Faison, Hope Mills, NC Wed Feb 27, 2013

Help the community by answering this question:


We help people who have low credit scores and match you with a lender that has a loan product for you. 580 credit score needed for FHA and 620 for conventional with 3% down.
2 votes Thank Flag Link Tue Oct 22, 2013
At Guaranteed Rate, Inc. a 640 minimum score is required for most mortgage loans except VA which allows you to have a 620 minimum middle score.

Keep in mind though that your credit score isn't the only factor in determining eligibility for a mortgage loan. You want to make sure that the loan officer/lender you talk to and work with is providing you with enough information to help you along the way so that you can make the best decisions for you and your family.

While you want to get pre-approved before shopping for a mortgage loan, you may also wish to have your trusted loan officer analyze your credit in order to maximize your score so that you qualify for the best interest rate and loan terms when you purchase your home.
1 vote Thank Flag Link Wed Feb 27, 2013
620 But it also depends on a lot of other factors
0 votes Thank Flag Link Wed Dec 11, 2013
Randy Roberts stop spamming Trulia. The Lendersnetwork is a scam buyers beware. They hire people to creat fake profiles and spam Truila.

Look at Randy Roberts profile he has 100s of spam comments left on blogs. This company uses companies overseas to create fake profiles to leave comments all over the internet to promote their company. They are a mortgage lead company that wants to sale your information to mortgage lenders and brokers.
0 votes Thank Flag Link Thu Oct 31, 2013
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