The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Conventional mortgages with less than a 620 credit score? Yep it's real

Conventional mortgages with less than a 620 credit score? Yep it’s real

By Scott Sheldon / October 13, 2021

The government just made a small change to residential mortgage loans opening the door for more families to secure conventional financing. Here is what you need to know if you’re purchasing or refinancing a house and your credit score needs some love. I’ve been told recently the only residential mortgage loan that was available to…

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lowest credit score to get a mortgage

Here is the lowest credit score you need to get a mortgage

By Scott Sheldon / May 5, 2017

Contrary to what you may hear or read, your credit does not have to be stellar to get a mortgage. Most banks and lenders require at least a 640 credit score. However, not all lenders are created equally. Here is what you need to know if you are trying to get a mortgage with bad…

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