Thinking about buying your first home in Bastrop, but worried your credit score isn’t high enough? Good news: You might already qualify—and even if you don’t, you’re probably closer than you think.
Here’s what you need to know about credit scores, mortgages, and your homebuying options in Bastrop.
1. Minimum Credit Score by Loan Type
- FHA Loans: 580 with 3.5% down (sometimes lower with larger down payment)
- Conventional Loans: 620 minimum
- VA Loans: No minimum, but most lenders prefer 620+
- USDA Loans: Usually 640+ for streamlined approval
2. What If You’re Below the Minimum?
You don’t have to wait years.
- Pay down credit cards
- Dispute errors
- Become an authorized user on a family member’s credit card
- Ask a lender about rapid rescore options
3. Why Your Score Isn’t Everything
Lenders also look at:
✅ Income stability
✅ Debt-to-income ratio (DTI)
✅ Job history
✅ Down payment and savings
Final Thoughts
If your score is 580+, you’re already in the game. If it’s not, we can create a 30–90 day action plan to get you there.
📊 Want a free credit prep checklist for Bastrop buyers? I’ll send it your way.
