I think 580 can is the lowest. You need to visit a bank that looks at mpore than just a number.

Congrats on having great credit! Having high credit scores surely makes life a lot easy today, but good credit is only one side of the equation. Your income is another major factor in figuring out what you qualify for and the amount of your debt significantly can change your options. What having great credit scores does provide you better loan terms, lower rates and fees, and we lenders can push the qualifying ratios higher due to a higher scores. If you'd more information, please feel free to contact me.

Best of Luck!

George Raymondo
Nationwide Mortgage Banker

Hello Bellahcleaning

We have lenders whose guidelines require 620 as the middle credit score.
In order to attract an even lower interest rate, a credit score of 680+ is in your favor.

If you have a low score it could mean that you are carrying a high balance on your credit cards or that you are near your max available credit or there is a collection, judgments old medical bill etc. If it is credit card related, I suggest that you pay down the debt and allow for your score to rise before applying for a mortgage.

Our credit reports provide a tool called "What If", this tool gives you an idea but no guarantee of exactly how much your score will rise, however you can expect to see some improvement.

A low credit score effects more than just your mortgage interest rate: When applying for homeowner's insurance they too will look at your credit score to determine what they will charge you for coverage. Your credit worthiness is also being considered when apply for a job; employers are looking to see how you handle your credit.
Even is my industry, if I/we don't have good credit, we may not be allowed to be licensed and not be able to provide sound advise if we cannot maintain our own credit in good standings

I welcome the opportunity to work with you to investigate just how much improvement to your credit score you could expect. You can reach me directly at 508 733 4858 Barry Little Licensed Mortgage Loan Originator NMLS 24772 http://www.MassLoanInfo.com

There are other factors besides credit that determine mortgage qualification, therefore consider visiting with any qualified loan officer, after reviewing your overall financials, credit, debt, etc., a determination on qualification can be made, the type of loan, how much, how much down, etc., then go from there. Be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.