Here’s another myth about mortgages that gets repeated often: You need to have near-perfect credit to be approved for a loan.
In fact, credit requirements for most mortgages are much more reasonable than you might assume. For programs like FHA loans, mortgages closed in January 2018 went to buyers with FICO scores as low as 600.
A high credit score is always preferable, but an average one is far from the deal-breaker many assume it is. Sit down with a representative of First Centennial Mortgage to better understand what your perfect mortgage looks like.