By David Parks · eXp Realty · The Apollo Group · 2 min read
Minimum scores vary by loan type, often around 580 to 620 for FHA and conventional loans, with better rates for higher scores. Lenders also look at income, debts, and down payment.
| Key point | What it means |
|---|---|
| Conventional | Commonly mid-600s or higher. |
| FHA | May allow scores in the 500s with larger down payments, and lower 600s with 3.5 percent down. |
| VA and USDA | Lender requirements vary. |
A higher score often means a lower rate and lower mortgage insurance costs. Even a small rate difference can add up over the life of a loan.
Improvements can take a few months to show. Talk with a lender early to see where you stand and what to focus on.
Scoring models and lender rules change, so ask a lender for their current requirements. Do not make large purchases or open credit during your loan process.
This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.
David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.
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