Credit Scores and Mortgages

How your credit score affects your mortgage options

Last updated February 27, 2026

Table of Contents

How Credit Scores Work

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Credit Score Requirements by Loan Type

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How Your Score Affects Your Rate

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Improving Your Credit Score

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Common Credit Myths

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Frequently Asked Questions

What is the minimum credit score for a mortgage?

Minimum credit scores vary by loan type: FHA loans require 500-580, conventional loans typically need 620+, and VA loans have no official minimum but most lenders want 580+.

How much does credit score affect mortgage rates?

Credit score significantly impacts your rate. A difference of 100 points could mean 0.5% to 1% higher interest rate, potentially costing tens of thousands over the life of the loan.

How can I improve my credit score quickly?

Pay down credit card balances below 30% utilization, dispute errors on your credit report, avoid opening new accounts, and make all payments on time. Some improvements can show in 30-60 days.

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