Good news: you don’t need perfect credit to buy your first home! What matters depends on the type of loan you choose:
✅ Typical Loan Requirements
| Loan Type | Minimum Credit Score | Notes |
|---|---|---|
| FHA Loan | 580+ | With 3.5% down payment. If 500–579, you can still qualify with a 10% down payment. |
| Conventional Loan | 620+ | Usually requires a larger down payment (5–20%). |
| VA / USDA Loans | No strict minimum | Usually available for qualified veterans or rural buyers; lenders may set guidelines. |
💡 Trealtorr Take
- Even if your score is just above 580, you can buy a home with an FHA loan.
- First-time buyer grants and assistance programs can also make it easier to qualify.
- We’ll review your credit and show you every option to get approved at the lowest rate possible.
📲 Call or text us today at +1 (347) 831-6085 — we’ll check your credit, find the best program for you, and get you into your first home!