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What Credit Score is Needed to Buy a Home


The Spire

A credit score is essential to consider when planning to buy a house because it shows lenders your capability to pay debts. This topic can be confusing for even financially savvy clients. But generally, a good credit score can increase your chances of qualifying for a loan as it shows the lender’s likelihood of repaying the mortgage. But do you know the minimum score for borrowing a mortgage?

The least credit score needed to buy a home is not constant as it varies depending on the lender you choose and the type of mortgage you are planning to take, whether government-backed or conventional. This, therefore, implies that there is no universal or standard credit score for house mortgages. However, although it depends on the loan you take and the lender, the minimum lease score lies around five hundred and eighty to six hundred and twenty. 

Minimum Requirement per Type of Loan You Take

A credit score is a number ranging from three hundred to eight hundred and fifty that lenders use to ascertain your creditworthiness. Government-backed and bank-backed conventional loans have different credit score requirements.


Conventional Mortgage Requirement

A conventional loan is a loan that is not backed up by the government. To qualify for a conventional mortgage, it is recommended that you have a score of at least 640. However, if your credit score is lower than that, you may still qualify and get a loan with a higher interest rate. 


FHA Mortgage Requirements

This is an ideal mortgage if you don’t have enough money for a down payment. The recommended score for the mortgage is about 620. Again you may qualify with as low as a 580 for a higher interest rate with compensating factors. 


Va Loan Requirements

This is a government-backed loan for veterans, their qualifying spouse, or qualified service members. There is no set minimum requirement, but 580 is the minimum for most lenders. 



Credit scores vary from one lender and mortgage to another. But if you want a mortgage to buy a house, join the home buying programs AZ to help better understand the requirements.

A Lending Hand for Financing Home Mortgages

Spire Financial (A Division of V.I.P. Mortgage, Inc.) brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.