4 Seasons Realty  for Southwest Florida Real Estate

4 Seasons Realty

​Holly Davis Lopez


(239) 333-2030

 Credit Score Needed to Buy a House in Florida

You may have been told that you need a high credit score to buy a house in Florida based on tighter lending controls. Is this a fact? And if so, what is a safe score that assures a mortgage loan at the best interest rates?" Your challenge is getting Mortgage Approval at the best rate. Mortgage lenders today are putting a lot more emphasis on the borrower's credit score (among other things). If you apply for a conventional mortgage loan to buy your home, you will likely need a credit score of 640 or higher. When using a government-backed loan (such as an FHA or VA loan), you may gain approval with a score a tad below 640 on the FICO scale. Use the below calculators to complete a primary estimate of the Mortage you can afford. Then contact a Mortgage professional with an informed opinion.