Can You Get A Home Loan With 700 Credit Score?

Can You Get A Home Loan With 700 Credit Score?

Mortgage interest rates with a 700 credit score.

Generally, you need a credit score of 620 or better to qualify for a conventional Fannie Mae loan or an FHA loan with a 3.5 percent down payment.

If you’re interested in a no-down payment USDA loan, the minimum credit score rises to 640.

What kind of home loan can I get with a 750 credit score?

The lower your credit score is, the higher the rate that you will pay on your mortgage. The difference between a 625 credit score and a 750 score could add a half a percent to the rate you will pay for your loan. A 750 credit score could qualify you for a $200,000 30-year mortgage, at a rate of 3.625 percent.

Photo in the article by “Obama White House Archives” https://obamawhitehouse.archives.gov/the-record/economy