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What Credit Score is Needed to Buy a Home?

by berta23412101 from Washington, District Of Columbia. Apr 13th 2017 Reply


Hugh Duckett (duante.duckett)
#13 ranked lender in Maryland - 9 contributions

As low as 580

Apr 13th 2017
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Ernesto Marez (EMarez)
#106 ranked lender in Maryland - 11 contributions

we can down as low as 580 and in certain cases <580.depending on your scenario or situationfell free to call or email meernesto.marez@movement.com

Apr 13th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,802 contributions

It depends on the program, but understand that just because you have an acceptable score does not guarantee you will get financed. Lenders look at many different things when determining borrower eligibility, the credit score being just one of them.. Although you can find lenders who will go as low as 500, understand that the lower the score the more strict the guidelines and few that apply actually get approved. Also, if you have a Foreclosure, BK, Short Sale, Judgments, Charge offs, Collections.. you could have a 750 credit score, yet you still might be denied.. If you want to know for sure, then take 15 minutes and call a local mortgage professional.. let them look at your complete loan profile.. only then will you know.. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Apr 13th 2017
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