A lot of would-be buyers count themselves out over their credit score — usually based on a number someone told them years ago. The real thresholds are lower than most people think.
Rough minimums by program
- FHA — often workable with scores in the 500s–low 600s (with a larger down payment at the low end)
- Conventional — generally starts around the low-to-mid 600s
- VA and USDA — no hard government minimum, though lenders set their own overlays
These move by lender and program, but the headline is simple: you don't need "excellent" credit to buy a home.
Score affects price, not just approval
Even once you qualify, your score influences your interest rate and (on conventional) your mortgage insurance cost. A higher score can mean a meaningfully lower payment — which is why a quick credit tune-up before you apply can be worth real money.
Sometimes a 15–20 point bump moves you into better pricing. I can look at your credit and tell you whether a few targeted moves are worth making before we apply — or whether you're ready right now.
If your score isn't where you want it
Don't disappear for a year hoping it fixes itself. A short, specific plan — paying down the right balances, leaving old accounts open, disputing errors — often does more in 60 days than guessing does in twelve months. Let's take a look together.
This article is general education, not a commitment to lend or an offer of credit. Program availability, terms, rates, and qualification guidelines vary by lender and are subject to change; all loans are subject to underwriting and final approval. Market figures are approximate and change over time. For guidance specific to your situation, reach out directly. Garrett Potz, NMLS #631592 · Affinity Home Lending, Company NMLS #1181151 · Equal Housing Lender.