What Credit Score Do You Actually Need?
One of the most common questions I get as a Las Cruces realtor is:
“What credit score do I really need to buy a home?”
You might be surprised — the number most people think they need is usually much higher than reality. Let’s break down the truth, clear up some myths, and talk about what lenders actually look for.
What Credit Score Do You Need?
FHA Loan: 580+
VHA Loan: 580+
Conventional Loan: 620+
USDA Loan: 640+
The Truth About Credit
Most buyers aren't perfect - they're just like you! In fact, most successful buyers have scores between 620-680.
Quick Wins to Boost Your Score
Pay down credit cards (this has the biggest impact!)
Don’t open new accounts (even store credit cards)
Check for errors (20% of reports have them)
Keep old accounts open (length of credit matters)
Small improvements can make a big difference in your credit score
The Bottom Line
You don’t need perfect credit to buy a home in New Mexico — and waiting for a “magic number” can actually delay your goals.
Most buyers qualify with a credit score lower than they expect, especially when they have steady income, manageable debt, and a solid plan. Your credit score matters, but it’s not the only factor lenders consider.
The smartest first step isn’t guessing where you stand — it’s getting real information and a clear game plan.
If you’re thinking about buying, even “someday,” a quick conversation now can save you months (or years) of waiting later.
Ready to Buy?
Let’s Chat!
Bailey Barranger | REAL Broker LLC
C. 785-656-0123 | O. 505-557-4976
baileysellsnm@gmail.com