What Credit Score Is Needed For A Home Loan?

The cost of the loan can depend greatly on your credit score and the skill of the realtor involved in your loan process.

What Is the minimum credit score needed for a home loan?

You will need a good credit score in order to qualify for a home loan and to get a good interest rate. Below are the minimums needed for a home loan:

1. 580 for FHA Loans
2. 640 for VA Loans
3. 680 for Other Loans

The average amount Credit Absolute has been able to raise customer’s credit scores up by in one month is about 100 points, which is usually enough to qualify most individuals for the car or home loan they needed.

The cost of getting your credit score raised by 100 points is far less than the cost of trying to get a home loan with bad credit.

Apply For Home Loan With A Great Realtor

Credit Absolute works to improve credit scores for home loans by working with one of the best realtors in the state of Arizona, for help with qualifying and getting the best rates on a new home, visit Pinnacle Capital Mortgage Corporation or call Korene Clopine-Seaman at (623) 340-0934