For years, a 620 credit score felt like a hard line in the sand for conventional loans.
Below it? Most people assumed the answer was no and stopped asking questions.
That line isn’t as fixed anymore.
This doesn’t mean approvals are automatic.
Credit score still matters. Rates and terms still depend on it.
What did change is flexibility.
Lenders can now look beyond a single number and evaluate the full picture:
income, debt, savings, and payment habits.
For some buyers, FHA will still be the better fit.
For others, conventional options with removable PMI may now be back on the table.
The biggest mistake I see?
Ruling yourself out before getting real numbers.
More options don’t mean more pressure.
They mean more control when you know how to use them.
If you’ve been unsure where you stand, this is your sign to stop guessing and start getting clarity.
— Richard Sarey, your go-to mortgage broker in Frisco TX
#mortgageeducation #HomeLoanHelp #mortgagetips #HomeLoanExpert #FriscoTXMortgageBroker
