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Minimum credit scores. All banks that offer home loans have different credit score thresholds. These vary but in general, the minimum required for a conventional mortgage is 620, analysis by ...
Loan Type. Minimum Credit Score. Conventional loans. 620. FHA loans. 500 (with 10% down payment); 580 (with 3.5% down payment) USDA loans. The USDA has no minimum limit, but lenders generally like ...
USDA loans (580 to 620): The U.S. Department of Agriculture (USDA) also doesn’t set minimum credit score requirements. However, you may need a score of at least 580 to 620 to qualify with many ...
Loan type. Credit score minimum. Conventional loan. 620 or 660 depending on program. FHA loan. 580 (or 500 with a minimum 10 percent down payment) VA loan. No official requirement, but typically ...
Conventional loans: A credit score of 800 is well above the minimum needed to qualify for a conforming conventional loan, which is typically 620. In fact, with an 800, you ought to qualify for ...
Credit Rating. FICO Score Range. Excellent. 800 and above. Very Good. 740 to 799. Good. 670 to 739. Fair. 580 to 669. Poor. 300 to 579
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