Credit scores generally range from a low of 300 to a maximum of 850. While the Federal Housing Administration guarantees loans with credit scores as low as FICO 500 with 10% down, a score of 760 or higher qualifies you for the lowest mortgage rates available, no matter the loan product. Read more: The best mortgage lenders for bad credit What credit score is needed to buy a house? There are five major types of mortgage loans, each with different qualifying minimum credit scores. Conventional loan Conv ...

If you're looking to buy a home priced north of $800,000, there's a good chance you'll be seeking to qualify for a jumbo loan. That type of mortgage is designed to serve the market for higher-value properties. Jumbo loans are unique in some important ways, including how you qualify. What is a jumbo loan? The type of mortgage loan for properties priced above the single-family "conforming loan" limits set by the Federal Housing Finance Agency is known as a jumbo loan. For 2025, conforming mortgage loans ...