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Minimum credit scores for a home loan differ, depending upon the type of loan. Conventional home loans, such as those offered by Fannie Mae or Freddie Mac require a minimum credit score of 620. Some first-time homebuyers may be approved for an FHA loan with credit scores in the mid 500 range. A 580 credit score may be all that is needed to secure an FHA loan with a 3.5% down payment. VA loans typically also require a credit score of at least 580. At Summit Lending in Huntington Beach, we are happy to discuss all home loan options available to you, in addition to providing tips on improving your credit, if you want to secure a loan with more favorable interest rates or down payment requirements. Contact our top-rated SoCal mortgage brokers today.