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Scott Mendell


4 Recent Sales (last 12 months)

Broker (11 years experience)

Buyer's Agent,
Listing Agent,


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What fico score is needed to qualify with $80,000 per year income for $300,000 loan?


This really denpends on the type of mortgage you are applying for. Right now you will need a minimum score of 620 to get an FHA loan and most conventional lenders are following these guidelines as well. You can work with your lender to get some exceptions to this limit and it is possible to do it with as low as a 600. There are a few lenders out there that will do credit scores as low as 520 but there are other certain requirements that are tough to meet.