Having a 640 credit score allows for homebuyers to qualify for a majority of programs available across the U.S.A.  The popular St. Mary\\\'s FHA home loan was introduced in 1934.  The program features lower down payment options and easier qualifications for new and repeat homebuyers.  Another Government program strictly for Veteran’s was introduced in 1944, the St. Mary\\\'s VA home loan allows for certain service members to buy a home with no money down even with lower credit scores.  Another favorite of ours, the USDA home loan created in 1991 offers the no money down option.  Last but not least a homebuyer favorite the forgivable St. Mary\\\'s FHA homebuyer grant.  With over 26 years of experience our experts are here to answer your questions.  We will have you pre-approved and ready to shop in minutes.

Having a 620 credit score allows new St. Mary\\\'s homebuyers many options. The FHA offers amazing rates even with less than perfect credit. Even better the FHA offers buyers the option to buy with a 3.5% down payment. Don’t have a down payment, no worries we offer a private St. Mary\\\'s FHA grant program.  The St. Mary\\\'s FHA grant program requires a minimum 620 credit score. The programs don’t stop there, Even with a 620 credit score we have more options. The USDA home loan and the St. Mary\\\'s VA home loan are also available. The USDA mortgage allows for home buyers to purchase with NO money down. Understand the average qualifying credit score is 640 but our 2024 guidelines allow for manual underwriting. A manual approval will need to be completed by an underwriter and is not guaranteed. Last but not least our St. Mary\\\'s VA Military home loan is another NO money down option for those who serve the USA, the greatest country on earth.

Having a 580 plus credit score will allow St. Mary\\\'s home buyers a few great options. The FHA offers amazing rates even with less than perfect credit. With a 580 credit score a down payment of 3.5% will be needed. The down payment can come as a gift. Another great options for lower credit scores is our St. Mary\\\'s VA Military home loan. Veteran’s can qualify with a 580 credit score and NO money down.

560 plus credit scores allow home buyers a few great options. The FHA offers amazing rates even with less than perfect credit. With a 560 credit score a down payment of 10 - 20% will be needed. The down payment can come as a gift. Another great option for lower credit scores is our VA Military home loan. Veteran’s can qualify with a 560 plus credit score.

(560 Credit Score Required)

With 500 plus credit scores options are still available for home buyers. The St. Mary\\\'s FHA program is still available for home buyers, understand you will need a larger down payment, usually 10 - 20%  The down payment can come as a gift. Another great option for lower credit scores is our St. Mary\\\'s VA Military home loan. Veteran’s can qualify with a 500 plus credit score.  Keep in mind a 500 plus credit score is a higher risk for lenders, this means it will be underwritten manually by an underwriter.

(500 + Credit Score Required)

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