To Buy A Condo | Credit Score Needed

No official minimum , though most lenders require a 620 . These are for veterans and active-duty service members.

AI responses may include mistakes. For financial advice, consult a professional. Learn more credit score needed to buy a condo

Lenders review the condo association’s budget, insurance, and the number of renters vs. owners. If the building is in poor financial shape, you might be denied even with a 800 credit score . 💡 Pro-Tips for Condo Buyers No official minimum , though most lenders require a 620

700–720+ . Used for high-priced luxury condos that exceed standard lending limits. 📉 How Your Score Impacts Your Costs For financial advice, consult a professional

620 minimum. These are the most common for condos but often require the condo project to be "warrantable" (meeting specific financial health standards).

580 with a 3.5% down payment; 500–579 with a 10% down payment. FHA loans are great for first-time buyers, but the condo building itself must be FHA-approved.