Zillow Advice: Buying a Foreclosure - Is it saying that my credit score has to be 550or more http://www.zillow.com/advice-thread/Is-it-saying-that-my-credit-score-has-to-be-550or-more/515931/ Zillow Advice | Zillow Real Estate There is not much detail ... http://www.zillow.com/advice-thread/Is-it-saying-that-my-credit-score-has-to-be-550or-more/515931/ There is not much detail to your question, so if you would like to add more then please respond to your own question with more details so we can help you! Either way, I will try to help. Unfortunately, there are credit minimums that lenders usually have. The minimum can vary from lender to lender. The lowest I have been able to give out a loan was for a credit score of 580. I would recommend that you work on your score to at least get it up to 600. The simplest way to fix your score is to pay off your debt and revolving credit balance on time.&nbsp;Well if you have any other questions or need a loan, please contact me through the information on my profile page. I hope this helps and good luck!&nbsp; Mon, 21 Oct 2013 18:21:00 GMT http://www.zillow.com/advice-thread/Is-it-saying-that-my-credit-score-has-to-be-550or-more/515931/ 2013-10-21T18:21:00Z Unfortunately, 620 is the ... http://www.zillow.com/advice-thread/Is-it-saying-that-my-credit-score-has-to-be-550or-more/515931/ Unfortunately, 620 is the average acceptable minimum score required by financial institutions.&nbsp; However, there is a new credit scoring system being utilized and tested by a few lenders.&nbsp; It is called VantageScore.&nbsp; It's apparently much more forgiving to current economic situations compared to the FICO scoring system 97% of lenders currently utilize.<br/><br/>Only a few lenders are part of the pilot program though.<br/><br/><a href="http://www.vantagescore.com/" rel="nofollow">http://www.vantagescore.com/</a><br/><br/><a href="http://money.msn.com/credit-rating/new-credit-score-could-change-lives" rel="nofollow">http://money.msn.com/credit-rating/new-credit-score-could-change-lives</a><br/><br/>when applying for a mortgage, make sure you request they utilize VanageScore. Since it's still in a testing phase to see if it works, you need to request it, otherwise they will automatically utilize FICO. Sun, 20 Oct 2013 00:06:00 GMT http://www.zillow.com/advice-thread/Is-it-saying-that-my-credit-score-has-to-be-550or-more/515931/ 2013-10-20T00:06:00Z Would you mind clarifying ... http://www.zillow.com/advice-thread/Is-it-saying-that-my-credit-score-has-to-be-550or-more/515931/ Would you mind clarifying "it"?&nbsp; <br/><br/>It is easiest to get a loan with a credit score &gt; 640.&nbsp;&nbsp; You get better rates with higher credit scores.&nbsp;&nbsp; Occasionally a lender will go down to 550 but you'll pay considerably for the risk taken by the lender. Sun, 20 Oct 2013 00:03:00 GMT http://www.zillow.com/advice-thread/Is-it-saying-that-my-credit-score-has-to-be-550or-more/515931/ 2013-10-20T00:03:00Z