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Insured by the Federal Housing Administration , these allow scores as low as 500 if you provide a 10% down payment. If your score is 580 or higher, the down payment requirement drops to just 3.5% ($8,750 on a $250,000 home).
Most lenders require at least 620. While Fannie Mae and Freddie Mac technically removed strict minimums in late 2025, individual lenders like Rocket Mortgage still use 620 as a common baseline for approval. what credit score is needed to buy a $250000 house
Your score requirement is primarily determined by the type of loan you choose: Insured by the Federal Housing Administration , these