Minimum scores by loan type:
Conventional loan: 620 (but 700+ gets best rates)
FHA loan: 580 (with 3.5% down)
VA loan: No official minimum (but 620+ preferred)
Rate impact: On a $300,000 mortgage, score of 760+ gets ~6.0% vs 620 gets ~7.8%. That 1.8% difference costs you $128,160 extra over 30 years.
If your score is below 700, spend 3-6 months improving it before applying — the savings are massive.
Improve your score: Credit Score Guide
Disclaimer: This website provides general educational information only and does not provide personalized investment advice or recommendations. Financial decisions should be made after considering individual circumstances and consulting a qualified professional where appropriate. Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance does not guarantee future results.