Mortgage Guide

What Credit Score Do You Need for a Mortgage?

Mortgage lenders evaluate credit scores carefully because home loans involve larger borrowing amounts and longer repayment periods. Better credit scores generally improve approval odds and interest rates.

Common Mortgage Credit Score Benchmarks

• 760+: Excellent rates and approval odds.
• 700–759: Strong mortgage profile.
• 620–699: Often meets conventional minimums.
• 580–619: May qualify for certain FHA programs.
• Below 580: Approval may be challenging.

Factors Beyond Credit Score

• Down payment amount
• Income verification
• Employment history
• Debt-to-income ratio
• Cash reserves