Credit Score Needed for a Mortgage
The minimum credit score for a mortgage depends on the loan type. FHA loans accept scores as low as 580 with 3.5% down payment. Conventional loans require at least 620. VA loans have no official minimum but most lenders prefer 620+. Improving your score from 620 to 740+ can save tens of thousands in interest.
Minimum Credit Scores by Loan Type
How Your Score Affects Your Mortgage Rate
How to Reach Mortgage-Ready Scores Fast
FHA vs Conventional vs VA Requirements
Frequently Asked Questions
What minimum credit score is needed for a conventional mortgage?
Conventional loans (Fannie Mae/Freddie Mac) require a minimum 620 credit score. However, scores of 740+ qualify for the best interest rates. A 620 score with a 30-year mortgage can cost tens of thousands more in interest compared to 760+.
What credit score is needed for an FHA loan?
FHA loans require a minimum 580 credit score for 3.5% down payment. With a score of 500-579, you can qualify with 10% down. FHA loans are the most accessible mortgage type for borrowers with imperfect credit.
How fast can I improve my credit score to buy a house?
With focused credit repair, most clients see score improvements within 60-90 days. Disputes for errors resolve in 30-45 days. Credit-building strategies like reducing utilization work within 1-2 billing cycles.