What Credit Score is Best to Get a Home Loan?

What Credit Score is Best to Get a Home Loan?

Although your credit score is a key factor in determining whether you qualify for a mortgage, it is not the only thing lenders consider. Lenders will also look at your income, down payment, property type, assets and debts and other factors. The bigger your down payment, the better chance you will have of qualifying for a mortgage with a lower interest rate.

While we recommend you speak with a lender if you’re interested in purchasing a home, these are the minimum credit scores lenders like to see.


  • Conventional Loan – 620
  • FHA Loan requiring a 3.5% down payment –580
  • FHA Loan requiring a 10% down payment – 500 – 580
  • VA Loan – no minimum score, however many lenders require it be at least 620

Credit scores typically range from 300 – 850. Prospective home buyers should aim for a credit score of 760 or greater to qualify for the best interest rates on mortgages. Borrowers with scores in the higher range can save thousands of dollars in interest payments over the life of a mortgage.

While none of this is set in stone, this may be a guide as you consider a home purchase.

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