What credit score do I need to buy a house?
The credit score you need to buy a house depends on the loan. FHA allows 580 (or 500 with 10% down), VA and USDA lenders look for about 580 to 620, and conventional needs 620. Better scores earn better rates and lower mortgage insurance.
You don't need perfect credit to buy. We'll pull your true mortgage score and match you to the program where your number qualifies for the best terms.
Score minimums by loan type
Minimums depend on the loan. FHA starts at 580 for 3.5% down, or 500 with more down. VA and USDA often look for 620. Conventional usually wants 620 or higher.
A higher score means a lower rate. The jump from 620 to 740 can save real money each month over the life of the loan.
Aiming for the right number in Florida
You do not need perfect credit to buy in Florida. You need to match your score to the right program. We do that matching for you.
Bring your score and we will show which loans fit today, and whether a short wait earns a better rate.
Verify the details for your own situation against these government and agency sources: HUD FHA loan program and HUD Handbook 4000.1 (FHA rules).