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Credit requirement

700+ minimum typical; 740+ for the lowest rates. Multi-million-dollar loans may require even higher scores.

Down payment

Typically 10–20%; some programs require 25%+ for very large amounts or investment properties.

Reserves

6 to 12 months of mortgage payments in liquid assets, verifiable at closing.

Credit requirement

700+ minimum at most lenders; 740+ for the best pricing. Recent late payments or collections complicate approval.

Reserves

Six to twelve months of mortgage payments in liquid reserves at closing, plus a two-year W-2 or self-employment record, current paystubs, and bank statements covering source of funds.

Not yet verified: Down payment.

Credit requirement

700+ minimum typical; 740+ for the lowest rates. Multi-million-dollar loans may require even higher scores.

Down payment

Typically 10–20%; some programs require 25%+ for very large amounts or investment properties.

Reserves

6 to 12 months of mortgage payments in liquid assets, verifiable at closing.

We haven’t verified credit, down-payment or reserve requirements for this program.

Credit requirement

Lenders typically require 640 for streamlined underwriting. Lower scores may qualify through manual underwriting with stronger compensating factors.

Down payment

USDA is one of only two loan programs (along with VA) that allow 100% financing for qualified borrowers.

Not yet verified: Reserves.

We haven’t verified credit, down-payment or reserve requirements for this program.

Credit requirement

You must also meet income requirements to show you can meet the expected monthly obligations and have a credit score of 600 or better, depending on the loan amount (640 for loans of $700,000 or more.)

Down payment

For eligible service members and veterans, this means buying a home without a down payment and no monthly mortgage insurance.

Not yet verified: Reserves.

Credit requirement

640

Reserves

3 Months Reserves

Not yet verified: Down payment.

We haven’t verified credit, down-payment or reserve requirements for this program.

We haven’t verified credit, down-payment or reserve requirements for this program.

We haven’t verified credit, down-payment or reserve requirements for this program.

We haven’t verified credit, down-payment or reserve requirements for this program.