Introduction
In 2025, credit scores still play a huge role in getting approved for a mortgage—and securing a good interest rate. Whether you’re looking to buy in The Colony, River’s Bend, or a starter home in Bastrop Hills, knowing your score gives you buying power.
Minimum Credit Scores by Loan Type
- FHA Loan: 580 minimum (with 3.5% down)
- USDA Loan: 640 (recommended for Bastrop rural areas)
- VA Loan: No official minimum, but 620–640+ is ideal
- Conventional Loan: 620 minimum, but 740+ gets the best rate
Why Your Score Matters
Higher scores =
✅ Lower interest rate
✅ More loan options
✅ Easier underwriting process
✅ Lower monthly payments
Example: On a $350,000 Bastrop home, a 1% lower rate can save $150–$200/month!
Quick Tips to Boost Your Score Before Buying
- Pay down credit cards to below 30% utilization
- Avoid new credit inquiries before applying
- Dispute incorrect items on your report
- Don’t close old accounts (they help your history)
Where to Check Your Score
Use tools like:
- Credit Karma (free, but not always mortgage-accurate)
- MyFICO (more accurate for mortgage lenders)
- Ask your lender to run a soft-pull pre-check
Final Thoughts
Even with less-than-perfect credit, you can still buy a home in Bastrop. Let’s map out your options based on where you are today—and where you want to go.
📈 Want a free credit consult with a Bastrop-area lender? Let’s connect.
