what is the minimum credit score you can have to buy a house?

Tdegrechie
Tdegrechie
Home Buyer
Surprise, AZ

Just trying to see what the minimum credit score you can have to purchase a house.

Tue Jun 23 2009, 10:58 - Home Buying in Surprise - 3 answers
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Tony Valdez
Tony Valdez
Mortgage Broker
or Lender
Phoenix, AZ

The minimum mid FICO at this point is 600. EVEN with an FHA loan. The other criteria will be based on the overall credit report. Most investors won't buy a loan with less than 620 FICO and I only know of one that allows a 600. I have heard of 580 as being a possiblity but I have yet to find anyone doing these.

Thu Jun 25 2009, 21:15
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Jay Thompson
Jay Thompson
Broker
Phoenix, AZ

Varies wildly depending on the mortgage product, your down payment and other factors. Do what Donald suggested - talk to a lender.

Tue Jun 23 2009, 11:46
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DONALD KEYS
DONALD KEYS
Agent
Peoria, AZ
FIRST ANSWER

Talk to a lender (there consultations are FREE and it doesn't cost you anything).

I have heard 620 but I am not a lender.

Web Reference: http://www.TheKeysTeam.com
Tue Jun 23 2009, 11:17
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