Ask a question to other Boomeraters!

See other questions in the Financial & Legal forum

"What is the Minimum Credit Score for a Mortgage?"

  • cohan99
    Posted: Feb 17, 2012 09:37 PM
    Flag for inappropriate language
    Grand Junction, CO
    View Profile

    A credit score alone is not the only information that a potential mortgage lender will look at to determine whether or not to process an application. History of outstanding debts and the fact of a person having steady and a long history of income are other major contributors. You can also look in


  • #1
    Posted: Jun 15, 2012 11:41 AM
    Flag for inappropriate language
    Bozeman, MT
    View Profile

    Generally, 640 is the minimum credit score required for mortgage. However, if your score lies somewhere between 500 - 600 then you have to pay high interests rates and make a down payment. Get a copy of your credit score at

Post your reply

Do you have some thoughts to add or some advice to give?
Only registered Boomeraters can post replies. Log in to your account or Sign up now (it's free)



Looking for a financial advisor?

Search our extensive database of over 3,500 advisors from both independent and large firms.

Enter your zipcode below

Or use this link to find a financial advisor or find a lawyer