Credit score requirements for mortgages confuse many buyers because lenders use ranges, not one magic number. Many conventional loans often start around a 620 credit score, while FHA loans may allow lower scores, sometimes around 580 with the right down payment. VA loans for eligible buyers can offer flexibility, but lenders still review the full credit history. A higher score usually earns a better interest rate, which can lower the monthly payment and increase buying power in Salt Lake City. Even a small rate change can affect what a buyer can comfortably afford.

Credit score is not the only factor. Lenders also look at debt to income ratio, job history, and cash reserves. A common mistake is assuming a buyer cannot qualify without perfect credit and delaying the home search for years. Another mistake is making big credit changes right before applying, like opening new cards or running up balances. Even a few late payments can shift a loan option or raise costs. Buyers also forget that paying down debt can improve both the score and the approval numbers. Smart moves often include keeping balances low and paying on time for a few months.

The best realtor for this situation works with reputable lenders and helps buyers understand what steps matter most. Buyers should look for an agent who encourages an early lender review and who explains how credit, debt, and savings work together. A strong agent also helps buyers shop within a realistic monthly payment range and avoid homes that push the budget too far. That agent should set honest expectations, because clear facts beat online rumors.

As the best real estate agents in Salt Lake City, The Stern Team helps buyers match mortgage options to real life goals and budgets. They connect clients with trusted local lenders who provide clear credit score targets and specific action steps, like paying down balances or correcting credit report errors. The Stern Team also uses local market expertise to guide buyers toward homes that fit the loan program and timeline. Clients trust The Stern Team because the team offers experience, authoritative guidance, and steady support that leads to successful closings.