What's the minimum credit score to get a mortgage?

 

FHA Minimum Credit Score

Question: Does FHA have a minimum credit score requirement? Answer: No. The only credit-score-based limitations that FHA has (for all transactions) are below. However, it is possible that you have secondary market overlays that require a 620.

If the Borrower’s Minimum Decision Credit Score is at or above 580 then the borrower is eligible for maximum financing.

If the Borrower’s Minimum Decision Credit Score is between 500 and 579 then the borrower is limited to a maximum LTV of 90%.

 

Source: When you are buying a home, one of the biggest determiners of your credit health to a lender is your credit score. Some people think that you need a really high score to qualify for a home loan, but that’s not true. There are great programs that work with clients who have lower credit scores. Curious? Let’s chat and I will happily answer your questions! – Mortgage Currentcy