Individual lenders often set their own minimums (called "overlays") that are 20–40 points higher than the program minimum.
620 is the standard minimum for most private lenders.
If you are currently below the target for your desired loan, these steps can often boost your score in :
A lower score usually leads to a higher interest rate and higher monthly Private Mortgage Insurance (PMI) premiums.
Ask a family member with excellent credit to add you to an established account.
Review reports from Equifax , Experian , and TransUnion ; disputing errors can lead to a fast jump.