What is the minimum credit score required to qualify for a First Horizon Home Loan?

First Horizon Home Loans typically considers a minimum credit score of around 620 for conventional loans. However, it is important to understand that this is a general guideline and actual requirements may vary depending on the specific loan product and the applicant's overall financial profile. Factors such as income, debt-to-income ratio, employment history, and down payment can also influence the qualification process. For government-backed loans, such as FHA or VA loans, the credit score requirements may be different, often allowing for lower scores. It is advisable for potential borrowers to review their credit reports and understand their current credit standing before applying for a loan. This preparation can help them identify any areas for improvement. Applicants should also keep in mind that each lender may have their own policies regarding credit scores and loan approval, so it is helpful to consult with a mortgage professional or refer to the current web page for more detailed information specific to First Horizon Home Loans.