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To buy a house, the lowest credit score you can have and still potentially qualify for a mortgage is 500: FHA-backed loans might approve applicants with a credit score as low as 500 as long as ...
1. You might struggle to get a mortgage. It takes a minimum credit score of 620 to get a conventional mortgage. This doesn't mean you won't be able to get a mortgage with a score of under 600 at ...
Credit score: Minimum credit score of 580 (or 500 with a higher down payment) Down payment: 3.5 percent (or 10 percent with a credit score between 500 and 579)
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 ...
FHA loan: Insured by the Federal Housing Administration, FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, or a credit score as low as 500 ...
Online mortgage lender. Bankrate Score. Minimum credit score. Minimum down payment. First Mortgage Direct. 4.8. 620 for conventional loans, 580 for FHA loans, 580 for VA loans
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