 TITLE: Types of No or Low Down Payment Mortgages CONTENT: Do You Need Good Credit for a Low Down Payment Loan?\n----------------------------------------------------\nYou don't necessarily need a good credit score to get a mortgage with a low down payment. Conventional loans often do require solid credit scores, especially if you want a lower down payment. You'll typically need at least a 620 FICO® Score, and potentially a score of 660, to qualify for a conventional loan. Plus, the better your credit, the better terms you can qualify for.\nBut some no or low down payment loans, like FHA loans, have lenient credit score requirements in order to be more accessible.\nEither way, it's smart to get your credit mortgage-ready, taking steps to reduce debt and paying bills on time. Also, keep an eye on your credit score and report in the months leading up to your mortgage application to ensure there's nothing that could harm your chances of approval. For the time being, avoid any new applications for credit unless it's necessary, as loan applications can lower your credit scores or even cause a mortgage lender to rethink your application if you're already in the middle of the approval process. END