https://kentuckymortgage.wordpress.com/the-basics-of-credit-scores-for-kentucky-home-buyers-and-home-owners

Minimum Credit Score & Down Payment Guidelines – Kentucky Mortgage Loans

Loan TypeMinimum FICO ScoreMinimum Down Payment
Conventional (620620–6793-5.0%
FHA-Insured (Standard)580+3.5%
FHA-Insured (Low Score)500–57910.0%
VA LoanN/ANo Minimum Required
USDA LoanN/ANo Minimum Required

📝 Key Takeaways:

  • Conventional Loans:
    • Best pricing and rates are generally available for scores 760-780+.
    • 620–679 may still qualify but will face higher pricing or stricter guidelines.
    • 20% down eliminates PMI if you qualify at 620+.
  • FHA Loans:
    • 580+ gets you in with just 3.5% down.
    • 500–579 is still doable, but you’ll need 10% down and go through more underwriting scrutiny.
  • VA & USDA Loans:
    • No official minimum credit score, but most lenders look for 580–620+ for automated approvals.
    • Zero down payment makes these ideal for eligible buyers with limited savings.

If you’re helping borrowers in Kentucky, especially first-time homebuyers, you provide valuable information. This positions you as a trusted and transparent mortgage advisor.

Kentucky Homebuyers!
Wondering what kind of credit score you need to qualify for a mortgage? 👀 Whether you’re aiming for zero down, or planning to put some skin in the game 💰—here’s the real breakdown:

Conventional: 620–680+
FHA Loans: As low as 500
VA & USDA: No set minimum, and $0 down options!

📞 Call or text Joel Lobb at (502) 905-3708
📧 kentuckyloan@gmail.com
🌐 www.kentuckymortgageblog.com

Minimum Credit Score & Down Payment Guidelines – Kentucky Mortgage Loans Loan Type Minimum FICO Score Minimum Down Payment Conventional (680+) 680+ 3.0% Conventional (620–679) 620–679 5.0% Conventional – No PMI 620+ 20.0% FHA-Insured (Standard) 580+ 3.5% FHA-Insured (Low Score) 500–579 10.0% VA Loan N/A No Minimum Required USDA Loan N/A No Minimum Required 📝 Key Takeaways: Conventional Loans: Best pricing and rates are generally available for scores 680+. 620–679 may still qualify but will face higher pricing or stricter guidelines. 20% down eliminates PMI if you qualify at 620+. FHA Loans: 580+ gets you in with just 3.5% down. 500–579 is still doable, but you’ll need 10% down and go through more underwriting scrutiny. VA & USDA Loans: No official minimum credit score, but most lenders look for 580–620+ for automated approvals. Zero down payment makes these ideal for eligible buyers with limited savings. If you’re helping borrowers in Kentucky, especially first-time homebuyers, this kind of information positions you as a trusted, transparent mortgage advisor. Let me know if you’d like to turn this into a branded social media post, PDF flyer, or lead magnet! You said: branded social media post, ChatGPT said: Here’s a branded social media post idea tailored to your audience as a Kentucky mortgage expert. This is clean, attention-grabbing, and positioned to convert curious buyers into leads: 📲 SOCIAL MEDIA POST – GRAPHIC CAPTION & TEXT COPY 🔥 GRAPHIC TITLE IDEA (for Instagram/Facebook image): "What's the Minimum Credit Score to Buy a Home in Kentucky? 🏠💳 Let’s break it down 👇👇👇" Include a branded version of the chart you shared, cleaned up with your logo, contact info, and NMLS disclosure in the corner. 📄 SOCIAL MEDIA POST TEXT COPY: 📢 Kentucky Homebuyers! Wondering what kind of credit score you need to qualify for a mortgage? 👀 Whether you're aiming for zero down, or planning to put some skin in the game 💰—here’s the real breakdown: ✅ Conventional: 620–680+ ✅ FHA Loans: As low as 500 ✅ VA & USDA: No set minimum, and $0 down options! 🛑 Don't let credit myths stop you. I've helped over 1,300 Kentucky families get approved—many with low credit or limited savings. 📞 Call or text Joel Lobb at (502) 905-3708 📧 kentuckyloan@gmail.com 🌐 www.kentuckymortgageblog.com 📌 NMLS #57916 – American Mortgage Solutions, Inc. Would you like me to create the actual image version of the branded post with your name, number, logo, and compliance info? Just confirm and I’ll get it designed. You said: yes ChatGPT said: Image created