- Sign Up now for FREE!
- Already a member? Log In to your account.|
- How It Works|
- FAQs|
- Help
Credit Advice
Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!
Question
Share this question with others:
What credit score do I need to qualify for a mortgage?
Asked by
netdiversf
10 months ago
Flag this Question
6 responses
- Prev
- 1
Reply To This Question
The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.
Let the community lend a hand!
3 Most Recent Questions in Mortgage
Credit Card Offers Just For You
These are the most popular credit card offers from Credit Karma members with credit similar to yours.
Public Savings Bank Secured Visa
- Build credit history – we report to all 3 major credit bureaus
- 0% APR on all purchases for the first 6 months
- No annual fees or monthly maintenance fees
Orchard Bank Classic MasterCards
- Acceptance at millions of locations worldwide, including website purchases and reservations
- Your account information is updated and at your fingertips 24/7 so you can manage it your way
- Email and text messages to remind you of your upcoming payment due date with online enrollment
Capital One® Secured Mastercard®
- Automatic reporting to the 3 major credit bureaus
- Track credit with access to your credit score and other tools
- You may qualify for credit line increases with no further security deposit required
As of right now, the banks are looking at a minimum of 620 for your middle score. Some banks and some programs are now requiring 640. There is also a rumor that FHA loans will require either 660 or 670 here in the near future to even qualify.
firegod94 10 months ago
Well I just bought a home and I actually only had a 610 score but like this article says they do take in other factors like my work history which i have been with my job for 8 years and i am only 26 so that looks really good
tsanders26 10 months ago
i have a credit score of only 546 is there any lenders that will work with that to get a home loan
johnffarmer 9 months ago
I would try credit unions
cropchick 8 months ago
I just had a repo on a auto how will this effect my getting a home loan credit score is 643
jayvonohlen 9 months ago
In order to qualify for the best rates, the baseline minimum score is 720. However, the mortgage underwriting process takes into account several factors including income, outstanding debt, and amount of liquid assets (think savings accounts and 401K) as well as your credit score. This means that you may still qualify for a mortgage with a lower score. On the flip side, you may be required to have a higher score for certain mortgages and other contribution factors especially in today's economic environment. Speaking with a mortgage professional and going over your particular situation is a good way to know if you qualify for a mortgage.
realsugar 2 months ago