First-Time Home Buyer? 5 Things You Should Know About Getting a Mortgage

Maurie Backman, The Motley Fool
·4 min read
First-Time Home Buyer? 5 Things You Should Know About Getting a Mortgage

With that in mind, here are a few key pieces of information you should have if you'll be applying for a mortgage in the near term. Mortgage lenders generally require a minimum credit score of 620 for a conventional home loan. Also, the higher your score, the better the interest rate you're apt to snag on your mortgage.