Home Loans
What credit score do I need to qualify for a loan?
Context
Credit score is usually the first thing borrowers worry about when they consider applying.
The short answer
Credit requirements vary by loan type and lender. Conventional loans typically require a 620+ credit score, while FHA loans can go lower (580+).
Things to keep in mind
Because we work with several wholesale lenders, we can often find options for borrowers with imperfect credit, but final requirements are set by the lender.
Next step
Contact us to discuss your specific credit situation.
Have a question about your own situation?
Davis Monroe Financial LLC serves Minnesota homebuyers and homeowners. You complete one application. We compare the wholesale lenders on our panel and submit your file to the one that fits it best, and each one offers, so your pricing is not limited to one lender's rate sheet.
Davis Monroe Financial LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.