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Minimum Credit Score for FHA: 580; Minimum Score Conventional: 620

Our FHA investors and lenders allow credit scores as low as 580 for low balance loans (under $417,000). Scores under 620 require a “manual underwrite.” Manual underwrites require perfect credit over the last 12 months and much lower than typical debt ratios.

High Balance FHA ($417,000 to $625,500) requires a minimum credit score of 620.

Conventional Lenders will allow scores as low as 620 for “low balance” loans (under $417,000), and as low as 660 for “high balance” loans ($417,000 to $625,500).

Our HELOC/2nd Mortgage Lender (for 80/10/10 financing) requires a minimum score of 700, as do most Jumbo lenders.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646