To qualify for a conventional loan — one that’s not insured by any government agency — you’ll usually need a fair credit score of at least 620. But it’s possible to qualify for FHA loans, which are insured by the Federal Housing Administration, with a poor credit score as low as...
Credit score:Borrowers with excellent credit tend to qualify for the lowest mortgage rates.1To improve your credit score, access your free credit report atAnnualCreditReport.com. Dispute any errors with the credit bureaus. Next, focus on improving your credit utilization by paying down debt, and ...
Many lenders have credit score minimums, and to get the best rates, you may want to aim for a score of 720 and above. This guide can help you raise your credit score. (You can see some of the best mortgage rates you ...
To qualify for a conventional loan — one that’s not backed by any government agency — you’ll usually need a fair credit score of at least 620. But it’s possible to qualify for FHA loans, which are insured by the Federal Housing Administration, with a poor credit score as low as ...