What’s an acceptable credit score now for a mortgage loan?

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I know debt to income is a huge part of it, but used to be you could qualify for a mortgage loan with a 620. What kind of credit score are they looking for now?
Uh, Mercy, thanks, but I’m not contacting anyone for a loan who has a yahoo email account as their business account.
Hi, Scott….um…ARE YOU SERIOUS?

  1. Reply
    February 6, 2011 at 4:56 pm

    620 seems to be the minimum for most lenders, but some are going to 640 now. FHA still allows scores as low as 580 with 3.5% down, but finding a lender to underwrite at that score is very difficult, if not impossible.

  2. Reply
    February 6, 2011 at 5:06 pm

    People are having trouble obtaining funding with 700, but 680 seems to be the present cut off rate.

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