Not Always. In today’s more cautious lending environment, you will need to have a FICO score of 620 or higher. This is the industry standard based on a 2010 act that raised the minimum credit score to qualify for an FHA loan to 620. Some lenders require your score to be even better, some as high as 660. Fortunately, our Orange County mortgage lenders are not one of them. We can discuss the prospect of buying a home with borrowers whose FICO scores are 620 or higher.

Posted in: Home Buying FAQ