What Credit Score Do You Need to Buy a House?

Written by Florida Condotel Mortrgage on July 10, 2020. Posted in Florida Condotel Mortgage.

A high credit score usually qualifies for a lower interest rate, but what’s the minimum score to get a loan at all? Buyers trying to boost their score should aim for 620 on a conventional loan and 580 (3.5% down) on an FHA loan. Lender requirements vary for jumbo or VA loans. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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