One of the most common questions we get from prospective home buyers is what minimum credit score they will need to buy a house. This question is often asked by buyers with concerns about their credit score or credit history, or people who have less than perfect credit. CityWorth Mortgage understands that people go through rough financial patches sometimes, and we understand that your credit score isn't always a perfect reflection of your current financial state or your ability to pay a mortgage each month.
If you've got a credit score of at least 560, we'll work to get you approved quickly!
CityWorth Mortgage has loan programs aimed at people who have credit scores of 560 and above. That's 120 points lower than most other lenders! Our dedicated mortgage bankers and in-house underwriting professionals are experienced at getting prospective homeowners with less than perfect credit into the home of their dreams.
CityWorth Mortgage looks at more than just the numbers.
We have a company-wide focus on your total satisfaction and have no and low money down programs for buyers of all credit types and scores.
If you have less than perfect credit and are looking to buy a home, you've probably run into a lot of roadblocks. Many lenders have tightened their rules and loan requirements, and many lenders have stopped offering low or no money down mortgages. Some lenders will automatically dismiss applicants who have a foreclosure or bankruptcy on their credit history, or who have been delinquent in the past on their bills. Unfortunately, financial mistakes you made up to 7 years ago may still be reflected on your credit history and factor into your credit score even if they don't honestly represent who you are today. One of the biggest reasons that CityWorth Mortgage can offer mortgage loans at competitive interest rates to individuals with credit scores as low as 560 is our flexible underwriting criteria which allows us to help more people buy the home of their dreams.
If you're ready to get into the home of your dreams, but you're worried that your low credit score is holding you back, call us today to get started on your mortgage pre-approval! We look forward to getting you and your family into your new home!
- Minimum credit score 560 for VA loans and 580 for FHA loans. 0 down payment for VA loans and as little as 3 1/2% down for FHA loans.