Your FICO credit score for mortgage qualification isn’t just a number, it’s a key to unlocking the best loan options. Here’s what you need to know.
Empowering homebuyers starts with transparency. At CLG, we believe in demystifying credit scores so you can take confident, informed steps toward homeownership.
Your FICO credit score for mortgage lending is one of the first things lenders consider. It influences the types of loan programs you qualify for, your interest rate, and even the size of your down payment. In short, the higher your score, the more buying power you unlock. But don’t worry — even if you’re not at the top of the scale, options exist.
FICO credit scores range from 300 to 850. While each loan program has different minimums, a score of 620 is often the baseline for conventional loans. FHA loans can go as low as 580 — or even 500 in some cases with higher down payments. But the real advantage? Crossing thresholds like 680 or 740 can reduce your monthly payment significantly.
Your payment history makes up the largest part of your FICO score. Set reminders or automate payments to avoid late marks on your credit report.
High utilization can drag your score down. Aim to keep balances below 30% of your limit—or even lower if possible—for a stronger profile.
Avoid big credit changes before applying for a mortgage. Closing old accounts or opening new ones can affect your score and debt history.
Improving your FICO score for mortgage qualification doesn’t have to take years. Some effective steps include:
Paying down credit card balances
Avoiding new credit inquiries
Making all payments on time
Reviewing your credit report for errors
Every point counts — and CLG can help you build a strategy that gets results quickly.
Sometimes raising your score by just 20 points can save you thousands in interest — that’s the power of preparation.
At California Lending Group, we go beyond credit checks. We work with you to understand your current financial snapshot, recommend steps to improve it, and guide you toward the loan programs that best fit your score. It’s not just about getting approved — it’s about getting approved on the best terms possible.
We believe you deserve full transparency about what you’re paying for — and why.
Let’s take the guesswork out of your homebuying journey. Our team will walk you through a complimentary credit evaluation and help you plan your next move — whether you’re ready to buy now or just getting started.
