The information in your credit report has a huge impact on whether or not you qualify for a mortgage loan and what interest rate a lender will offer. Therefore, it’s important your credit report reflects a positive image of the way you manage your money. If you’re getting ready to buy a home, checking your credit report is the best way to ensure you get the loan and interest rate you deserve.
Type of Loan Minimum FICO Score Required
Conventional 620
Jumbo 680
FHA 500 (with 10% down)
580 (with 3.5% down)
VA none officially, though many lenders
prefer 620
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