By David Delgado | Freedom Choice Lending

If you’ve ever thought, “I can’t buy a home because my credit isn’t perfect,” you’re not alone.

This is one of the biggest myths keeping buyers on the sidelines — and in many cases, it’s simply not true.

The reality is this:
You don’t need perfect credit to buy a home. You need the right loan strategy.

Let’s break it down clearly, honestly, and without lender jargon.

---

The Short Answer

Most buyers can qualify to buy a home with a credit score between 580 and 620, depending on the loan program.

Some buyers qualify with even lower scores.

Here’s how it works.

---

Credit Score Requirements by Loan Type

🏡 FHA Loans (Great for First-Time Buyers)

• 580+ → as little as 3.5% down
• 500–579 → may qualify with 10% down
• Insured by the Federal Housing Administration

Why FHA works:
It’s designed for buyers who may not have perfect credit but can afford the payment.

---

🏠 Conventional Loans

• 620+ minimum
• Backed by Fannie Mae and Freddie Mac
• Better interest rates as your score increases

Best pricing usually starts around:

• 740+

---

---

🌾 USDA Loans (Rural & Suburban Areas)

• Typically 640+
• 0% down
• Income and location limits apply
• Backed by the United States Department of Agriculture

---

What Credit Score Is “Comfortable” to Buy?

Here’s a simple way to think about it:

• 580–619 → You may qualify, but payments can be higher
• 620–679 → Solid approval range
• 680–739 → Better rates and more flexibility
• 740+ → Best rates and lowest payments

👉 Important:
Your credit score affects your interest rate and monthly payment, not just approval.

---

Credit Score Is Only Part of the Picture

This is where many buyers get confused.

Lenders don’t just look at your score — they also look at:

• Your monthly debts compared to income
• How recent late payments are
• How much money you have saved
• Your down payment options
• The type of loan you’re using

I’ve helped buyers qualify with:

• Mid-600 scores
• Past credit challenges
• Limited credit history

Because the overall financial picture made sense.

---

The Truth Most Buyers Don’t Hear

❌ You do NOT need an 800 credit score
❌ You do NOT need 20% down
❌ You do NOT need to “wait until everything is perfect”

✅ You need clarity, strategy, and real numbers

Sometimes you’re closer than you think — even if you’re not ready today.

---

Not Sure Where You Stand?

If you’re asking:

• “Can I buy now?”
• “How close am I?”
• “What credit score should I aim for?”

That’s exactly what I help buyers figure out every day.

Direct Line (562) 281-6163
Main Office (866) 587-6927
David Delgado – NMLS #349079
Presiden/CEO
Freedom Choice Lending
NMLS #1998153

Click Here To Schedule a 15 Loan Consultation Call

Fast Approvals call (562) 281-6163
No Money Down Payment Programs
Reverse Mortgages
FHA
Jumbo
Conventional Elite (Easy to qualify)
97% Conventional Financing
Bank Statements, P&L Only , No Income No Tax Returns
Shop Your Loan With Over 200 Loan Products From The TOP Wholesale Lenders In The Country!  
On Time Closings Guaranteed or We Will Pay $1000 penalty fee!*