There can be a great deal of misinformation about the minimum credit score needed for home loan & mortgage programs. The truth is the minimum credit score needed for home loan and mortgage programs will vary depending on a large number of factors including your location, down payment, income and assets. A low credit score or other credit problems can be offset to some degree with a strong down payment, income or assets/savings.
There is no exact minimum credit score needed for home loan and mortgage programs. Many home loan and mortgage programs have varying credit score requirements.
The answer for most home buyers is to locate the right home loan program for their personal situation. This usually requires the help of a talented mortgage advisor. There are many home loan programs that offer low credit score requirements. Some home mortgage options will allow for an exception with the minimum credit score to be made on a case-by-case basis.
Our group of talented mortgage advisors will work with you to identify the right home loan for your personal situation. Our goal is to match your credit situation with the ideal mortgage solution. If you don’t have the credit score needed for home loan & mortgage programs in your area we will work with you to improve your credit so that you can qualify for a home loan in a short timeframe.
Let us help you save time and frustration by connecting you with home loan programs available now. Get started today with our no obligation pre approval request below: