What is the minimum credit score required for a mortgage?

The minimum credit score required for a mortgage with Franklin American Mortgage Company can vary depending on the loan program and other factors. However, generally, we require a minimum credit score of 620 for a conventional loan. For government-backed loans like FHA or VA, the minimum credit score can be lower, sometimes as low as 580. It's worth noting that credit scores are just one aspect considered during the loan approval process. Other factors like employment history, income, and debt-to-income ratio also play a significant role. Our team of experienced loan officers can assess your individual situation and guide you through the mortgage process to help you determine the best loan options available based on your credit score and other qualifications.