Comer8486, Home Buyer in Goodlettsville, TN

Does your credit score have to be 620 or better to be approved for a home loan?

Asked by Comer8486, Goodlettsville, TN Tue Mar 20, 2012

My credit score greatly declined due to hospital bills and student loans.

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Answers

3
Your question was asked almost two years ago. By now perhaps you have had the opportunity to take steps to improve your credit score. If you are interested in securing a mortgage, please contact me and I'll recommend some excellent lenders.
0 votes Thank Flag Link Fri Feb 21, 2014
it would be best for you to check with a local mortage lender to answer your question. i believe there has been some lenders offering financing on 620 and greater. on the 620 though guidelines are narrowed. if you need any names of lenders let me know.
0 votes Thank Flag Link Tue Mar 20, 2012
Not always but it certainly helps. Some lenders have a 640 cut off, some 620 and you might find a few that are lower. Regardless, make sure you understand what terms and fees you'll be paying and whether the increased costs of the mortgage are worth it to you.
0 votes Thank Flag Link Tue Mar 20, 2012
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