What Does My Credit Score Have to Be to Get a Mortgage?

One of the most common questions I get from homebuyers is: What does my credit score have to be to qualify for a mortgage? The short answer is that it varies—but there are some general guidelines that apply across the board. Let’s break it down using Fannie Mae and Freddie Mac guidelines, as well as FHA guidelines, so you can get…

When applying for a  joint mortgage,  lenders typically look at the credit scores of both borrowers. However, rather than taking the  highest score, the lender will generally use the  middle score of the lower borrower. Here’s a closer look at how it works: Fannie Mae and Freddie Mac (Conventional Loans): Lenders will use the  middle…