Mortgage Education
No Minimum Credit Score for a Mortgage? What Buyers & Realtors Should Know
Has a credit score been holding up your homebuying plans? One of my lending partners now relies on automated underwriting approval instead of a set minimum credit score for eligible agency products. Exceptions apply, and other loan requirements must still be met.
Watch Lisa Stepp-Seritt explain the update and how buyers and Realtors can take the next step.
Program Details and Exceptions
- AUS approval is required. No minimum score does not mean no credit review or guaranteed approval.
- Minimum scores still apply to conventional loans requiring mortgage insurance, Conventional Cash-Out 90, Conventional Non-Warrantable Condos, select down payment assistance programs, and Elite product eligibility.
- Conventional One-Time Close New Construction requires a minimum 620 score when a borrower has one 30-day late installment-loan payment.
- All other eligibility and underwriting requirements apply. Guidelines and availability may change.
Want to compare loan types? See the mortgage programs overview.
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Explore My Mortgage OptionsRealtor Partners—Are You Receiving Agent Matters?
Get my weekly newsletter with financing updates, industry news, and practical marketing ideas to help you keep clients engaged and continue closing business.
To request it, use the contact page and include “Agent Matters” in your message.
Contact Lisa to Request Agent MattersFrequently Asked Questions
- Does no minimum credit score mean guaranteed approval?
- No. Automated underwriting approval and other eligibility requirements still apply.
- Does this apply to every mortgage?
- No. This is a specific lending partner’s update, and several product exceptions apply.
- How can Realtors receive Agent Matters?
- Contact Lisa through the contact page and mention “Agent Matters” to request the weekly newsletter.
About the Author
Lisa Stepp-Seritt | NMLS #680403 — Mpire Financial | NMLS #2108504. 25 years of mortgage experience. Learn more about Lisa
Equal Housing Opportunity. All loans subject to credit and underwriting approval.
This website provides general information about consumer and business-purpose mortgage financing. Some programs may be available only for investment or non-owner-occupied properties, while others may have personal occupancy requirements. Program availability, licensing, terms, documentation, and eligibility vary by lender, borrower, property type, occupancy, and state.
All mortgage financing is subject to credit review, income or asset verification when required, appraisal, title, insurance, lender guidelines, and final approval.
Lisa Stepp-Seritt, NMLS #680403
Mpire Financial, NMLS #2108504
Equal Housing Opportunity