Forgotten Your Password?

Need to Register?

Question Icon

What is the credit score needed for a conventional mortgage in 2014?

by sindycaldwell661 from Oceanside, California. Apr 24th 2014 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

The higher the better with conventional financing.. but 620 is the lowest acceptable score.. Keep in mind that if your not putting 20% down, the mortgage insurance will be at a high cost.. you might be better off looking at FHA.. the starting rate is lower but the MI is more expensive.. but you should net an overall lower payment.. and FHA only requires 3.5% down payment.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714

Apr 24th 2014
Jarrod McOmie (Jarrod)
#13 ranked lender in Utah - 120 contributions

You are able to get up to a 95% LTV Conventional loan with a minimum FICO score of 620.

Apr 24th 2014
Jamie Lynne (nationwidelenderforyou)
#140 ranked lender in Texas - 576 contributions

I lend down to a 620 middle score n conventional loans. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - - email - 800 315 8803

Apr 26th 2014
Subscribe to our news feed.