If Your Credit Is Below 620 - Here Are Your Options...

Hello,

I’ve had borrowers ask this question a lot lately…

What is the minimum credit score for a USDA loan?

The answer is – for a long time the minimum credit score to get a USDA loan was 580. …However, USDA has raised their minimum score to 620.

So, really there’s only three loan scenarios that will still go below 620.

1) FHA.

2) VA.

3) Conventional (must get Approve/Eligible in the automated system) – where the loan to value ratio is below 80%.