Mortgage FAQs | Hoam Loans - Answers for Self-Employed & First-Time Buyers

The minimum credit score required depends on the type of mortgage and the lender’s guidelines. In general:

• For traditional (A) lenders like banks: A credit score of at least 620 is usually required.

• For alternative (B) lenders: You may qualify with a credit score starting around 550-600, depending on your overall financial profile.
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• For private lenders: Credit score is less important; they focus more on the property and the size of your down payment.
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At Hoam Loans, we work with a wide range of lenders to find flexible solutions—even if your credit score is less than perfect. If you're unsure about your credit situation, we're happy to review your options and guide you through the next steps.

FAQ

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FAQ

"Highly recommended!"

What is the minimum credit score required to apply for a loan?

How long does it take to get loan approval?

What documents do I need to provide when applying for a loan?

Can I refinance my current loan through Hoam Loans?

Are there any hidden fees associated with your services?

What if my bank declined me?

What is the difference between pre-qualification and pre-approval?

What type of loans does Hoam Loans offer?

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