What credit score is necessary to qualify for the lowest down payment option for an FHA loan?

Most lenders are at 620-640 however there are programs out there down to 580. Contact a local broker that can help you in Vermont.

Our min Credit score is 640

It varies by lender but the minimum credit score my company can do is is 620. I am a local broker that would be glad to assist you.

FHA allows 3.5% down with a 580 or better mid credit-score. Most lenders will not make loans with this score but some will. Each lender determines the minimum score they will accept so if you are being turned away keep shopping your local lenders. Concentrate on private mortgage banks (not affiliated with depository banks) and independent mortgage brokers in your area. You can search for them via the 'find a lender' tab above. Best wishes!

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