Just about everybody wants to buy their own home, but do you know where your credit score needs to be to do so? Credit is a very critical part in the home buying process, as its really your financial reputation. Your credit score is a mixture of payment history (35%), Outstanding debt (30%), Length of credit (15%), Credit inquiries (10%), and lastly types of credit (10%).

All these factor in and collectively give you a credit rating. Here are the following credit score ranges you will need to get pre approved and begin home shopping.***

FHA 30 year loan (3.5% down payment). Single Family, Multifamily (up to 4 units)

FICO score at or above a 640

CHFA 1st Time Homebuyer Program (100% Financing) Single Family, Multifamily (up to 4 units)

FICO score at or above a 680.

I hope this give you a better idea of where you need to be credit wise, and will help you get where you need to be to begin the home buying process.


*** The following are scores based off of averages loan officers I work with require. This isn’t the case for all loan types. Contact for more details.


Marques Strickland

Realtor/Buyer Specialist
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Business hours are from 8am-7:00pm. Saturday and Sunday by appointment only. All calls/messages received after 7:00 will be returned first thing the next business day.

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