Minimum credit scores range from around 580 for some FHA loans to 700 or more for many jumbo loans. But the minimum is just the start: higher scores usually mean better pricing on nearly every loan type.
Typical Minimums by Loan Type
| Loan type | Typical starting score |
|---|---|
| FHA | 580 (some lenders lower) |
| VA | Often 580–620, set by the lender |
| Conventional | 620 |
| Jumbo | Often 700+ |
| DSCR | From 620 at many lenders (most 640–680); some allow no score |
| Bank statement | From about 600–620 |
Lenders can set their own minimums above these, and some programs have exceptions.
Which Score Lenders Use
Mortgage lenders typically pull your scores from all three credit bureaus and use the middle one. With two borrowers, many lenders use the lower of the two middle scores. Mortgage scoring models can differ from the free score you see in an app.
Why Every 20 Points Matters
Pricing is usually set in tiers, often in 20-point bands such as 680–699, 700–719, and 720–739. Moving up a tier can lower your rate or mortgage insurance cost, so it can be worth improving your score before you apply.
Quick Ways to Raise Your Score
- Pay credit cards down, ideally below 30% of each limit, and lower is better. This is often the fastest improvement.
- Pay every bill on time. Payment history matters most.
- Don't close old cards before applying.
- Avoid new credit in the months before you apply.
- Dispute errors on your reports at annualcreditreport.com.
Your loan officer can also run a "rapid rescore" in some cases, which updates your credit after you pay down a balance.
Mortgage Credit Score FAQ
What is the lowest credit score to buy a house?
FHA allows scores as low as 500 with 10% down under its rules, though most lenders set their own minimums around 580–620.
Which credit score do mortgage lenders use?
Typically the middle of your three bureau scores. With two borrowers, many lenders use the lower of the two middle scores.
Can I get a DSCR loan with bad credit?
Many DSCR lenders start around 620–640, and a few allow no score at lower leverage. Recent credit events usually lower the maximum LTV.
In the financial industry since 2015. Licensed loan officer in Los Angeles, California. NMLS #1493724, with UTM Financial, LLC (NMLS #2591548). More about Ivan
This article is general education, not financial, tax, or legal advice. Loan guidelines vary by lender and change often. Not a commitment to lend.