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  • Gustan Cho

    Administrator
    August 18, 2024 at 12:16 am

    To check your credit scores without spending a dime, visit Credit Karma, Credit Sesame, or AnnualCreditReport.com. These services allow you to monitor your credit reports and scores to understand how you’ll qualify for a mortgage.

    Minimum Credit Scores for Buying a House

    FHA Loans: 580 (3.5% down payment) or 500 (10% down payment).

    Conventional Loans: Usually 620 or higher

    VA Loans: No official minimum score requirement exists, but most lenders want at least 620.

    Review your scores and talk to a lender about your chances of approval.

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