- FHA Loans. FHA vs. Conventional. FHA vs. Subprime. Down Payment. FHA Mortgage Lenders.
- USDA Loans. USDA Mortgage Lenders. Note.
- VA Loans. VA Mortgage Lenders.
How big of a loan can you get with a 500 credit score?
You can borrow anywhere from a few thousand dollars to $100,000+ with a 500 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
What is the lowest credit score to buy a house?
Generally speaking, you'll need a credit score of at least 620 in order to secure a loan to buy a house. That's the minimum credit score requirement most lenders have for a conventional loan. With that said, it's still possible to get a loan with a lower credit score, including a score in the 500s.
What is the lowest FICO score for a mortgage?
The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable rate mortgages (ARMs).