If you’re thinking about buying a home in Midlothian, VA, one of the first questions you may have is:
“What credit score do I need to qualify for a mortgage?”
The encouraging news is that you don’t need perfect credit to purchase a home. Many buyers here in Chesterfield County successfully qualify with scores in the mid-600s — and some even lower depending on the loan program.
Here’s a simple breakdown of what’s typically required in the 23112, 23113, and 23114 areas.
Minimum Credit Scores for Popular Mortgage Programs
FHA Loans – 580+
FHA loans are popular with first-time buyers because they allow for a 3.5% down payment with a score of 580 or higher.
Some lenders may approve buyers with scores between 500–579 if they can bring 10% down.
Conventional Loans – 620+
Conventional mortgages, common in Midlothian’s suburban communities, typically require a minimum credit score of 620.
Higher scores (700+) usually result in better interest rates and more affordable monthly payments.
VA Loans – 580–620+
If you’re a qualifying veteran or active-duty service member, VA loans can offer tremendous benefits with flexible credit standards.
Most lenders prefer scores in the 580–620 range.
USDA Loans – 620+
For homes near Moseley, Powhatan, or Amelia — just outside the denser parts of Midlothian — USDA loans usually require a 620+ score and offer zero-down financing.
So What’s a Good Credit Score in Midlothian?
While you can get approved with a score in the high 500s or low 600s, most Midlothian buyers find the “sweet spot” at 680 or higher.
At 740+, you typically qualify for the best interest rates, meaning more home for your money in areas like Hallsley, Salisbury, Magnolia Green, Charter Colony, Westerleigh, and similar neighborhoods.
Why Your Credit Score Matters So Much
Your credit score affects:
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The interest rate your lender can offer
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Your monthly mortgage payment
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Your mortgage insurance cost
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Your total buying power
Even a small bump in your credit score can save you hundreds per month — and tens of thousands over the life of the loan.
Want to Know Where You Stand? I Can Connect You With My Preferred Lender.
Every buyer’s financial situation is unique, and credit is just one piece of the puzzle.
If you’re planning to buy in Midlothian, VA, I can connect you with my preferred local lender, who can:
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Review your credit
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Explain your loan options
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Estimate your monthly payment
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Help you maximize your buying power
Once you know your numbers, I’ll help you match them with the right Midlothian neighborhoods and current market opportunities.
Want an introduction?
Just reach out — I’ll connect you right away.
— Mike Boone, Boone Residential
Your trusted Midlothian, VA real estate expert.
