What’s The Minimum Credit Score Required For A Home Loan?

By : Home Loans For All

good credit, minimum credit scoreThe Federal Housing Administration (FHA) requires a minimum 580 credit score to qualify for FHA 3.5% down down payment. Any potential borrowers with a 580 credit score or below will be required to put at least a 10% down payment. The FHA minimum credit score is 500 to buy or refinance a home. A good rule of thumb is to try to get your credit to at least a 620 or better. Click here to have one of our specialized lenders call you with more information.