Homebuyers often ask, “What credit score do I need for a mortgage?” While a higher score typically leads to better interest rates, there are options for many different credit profiles in the Cincinnati area.
Credit Score Requirements by Loan Type
- Conventional Loans: Generally require a minimum score of 620.
- FHA Loans: Can go as low as 580 with a 3.5% down payment, or 500 with 10% down.
- VA Loans: Often have no set minimum, though many lenders prefer 580-620.
Don’t let your score stop you from exploring your options. Contact the Cincinnati mortgage experts for a credit analysis.