What should my credit score be to purchase a $150,000 home?

the best would be to get up to 740

Having a good credit score is just part of the approval process.. I've had borrowers with 760 credit scores not get approved.. so it's best to sit down with a local mortgage broker and let them look at your complete profile scenario... That being said.. 740 or higher is best, but there are lenders who will lend to borrowers with scores in the low to mid 500's.. every scenario is different and borrowers will extremely low scores will be scrutinized much more than someone with a higher scores. The only way to know for sure if you will be approved is to apply.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

For the best possible rate you will want a score of 740 or above. However, you can still get a loan with much lower scores. Contact a local mortgage banker to go over your entire scenario to see if you qualify with your income, etc....

If you are reverse mortgage eligible age which is over 62 years old, your credit score is not part of the approval process. One can acquire a new permanent residence by using a reverse mortgage purchase.

To gain access to the best available rates your middle credit score needs to be in the high 700's. The higher the better, but you can qualify for a conventional loan without to many overlays with as low as a 620 middle credit score. If you have below that then your only option would be a government loan , either FHA which goes down to a 580 or VA which goes down to a 600. Some lenders may even go below 580 for FHA but typically the overlays and cost are prohibitive.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

You get the best rates with a 740 or higher score... but you can also purchase with much lower score too. Contact a local mortgage broker in your area for more assistance and information.

680 is a good target.

In order to get the best interest rate possible you will need a credit score of at least 740 or higher. However, you can often qualify for a loan with a credit score as low as 580.

The best credit score to get is 740+, however with FHA you can go as low as 580 though most bank would still want a min of 620 or 640 for an FHA loan. Beyond a 740 then the rates wont change.

The best credit score to get is 740

the best would be to get up to 740

To get the best possible rate you need at least 740. However, with some lenders it is possible a 580 score. Check your local market to see what your area will require.

You will need a 620 score and 20% down to do a conventional Fannie/Freddie purchase loan. You will need a 640 and 3.5% down for FHA and a 640 for a VA loan.

Having a good credit score is just part of the approval process.. I've had borrowers with 760 credit scores not get approved.. so it's best to sit down with a local mortgage broker and let them look at your complete profile scenario... That being said.. 740 or higher is best, but there are lenders who will lend to borrowers with scores in the low to mid 500's.. every scenario is different and borrowers will extremely low scores will be scrutinized much more than someone with a higher scores. The only way to know for sure if you will be approved is to apply.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

For the best possible rate you will want a score of 740 or above. However, you can still get a loan with much lower scores. Contact a local mortgage banker to go over your entire scenario to see if you qualify with your income, etc....

620 IS THE MINIMUM TO GET A LOAN. 680-700 IS AVERAGE...