Mortgage Loan Options

---

FHA-insured loans are known for being more flexible with credit requirements for 1-4 units.


Typical Minimum: A credit score of 580 or higher is often the minimum for a 3.5% down payment.


Below 580: If your credit score is between 500 and 579, you may still qualify, but a higher down payment (usually 10%) may be required.

FHA-insured loans are available for construction on primary residence home 1-4 units 

Typical Minimum: A credit score of 580 or higher is often the minimum for a 3.5% down payment.


USDA loans are designed to assist low to moderate-income borrowers in rural areas.

Typical Minimum: While there is no official minimum credit score, a score of 640 or higher is often required by lenders.

USDA loans are designed to assist low to moderate-income borrowers in rural areas. This program is offered through our affiliate non-profit Dechelle's house

Typical Minimum: While there is no official minimum credit score, a score of 640 or higher is often required.

VA loans are guaranteed by the Department of Veterans Affairs and are available to eligible veterans and active-duty military personnel.

Typical Minimum: Many VA lenders look for a credit score of 620 or higher, but there is no official minimum set by the VA. Lenders may have their own requirements.
 

Conventional loans are not insured or guaranteed by the government.

Typical Minimum: A credit score of 620 or higher is often the minimum requirement for conventional loans.

Preferred Scores: To qualify for better interest rates and terms, a credit score of 740 or higher is often considered excellent.

Conventional loans are not insured or guaranteed by the government.

Typical Minimum: A credit score of 620 or higher is often the minimum requirement for conventional loans.

Preferred Scores: To qualify for better interest rates and terms, a credit score of 740 or higher is often considered excellent.

Conventional loans are not insured or guaranteed by the government.

Typical Minimum: A credit score of 620 or higher is often the minimum requirement for conventional loans.

Preferred Scores: To qualify for better interest rates and terms, a credit score of 700 or higher is often considered excellent.

Construction loans are for full construction on your primary residence.

Typical Minimum: A credit score of 620 or higher is often the minimum requirement for construction loans.

Preferred Scores: To qualify for better interest rates and terms, a credit score of 640 or higher is often considered.