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

Download our Mobile App:

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.

Copyright © 2021 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Not intended for legal or financial advice, consult your own professionals if such advice is sought. Accessibility Statement | Consent to Receive Electronic Loan Documents | Cookies Policy | Disclosures | Email and Mobile Policy | Fair Lending Policy | Mortgage Assumptions | NMLS Consumer Access | Privacy Policy | Terms of Use

Contact Us

Schedule an Appointment

Products & Tools

Check Mortgage Rates
Home Buyers Guide
Mortgage Calculator
Mortgage Loan Types
Condotel Refinance

Home Buyers

Affordability Calculator
Homebuying Process
Get a Rate Quote
Get Pre-Approved
Our Reviews