If you have good credit, you can get a mortgage
loan from most lenders with only a 5 % down payment, because you're seen as a low risk.
If you want to qualify for the lowest interest rates, you should still aim for a score of 740 or higher on the FICO credit score, though you can probably get a mortgage loan with a credit score of 640 or higher
today from most lenders.
Both of us have scores way well above 700, which entitles one to the lowest interest
possible from most lenders, so the difference is more academic than practical.
All the loans mentioned are available
from most lenders in the U.S. Explore all the no and low down payment mortgage options below.
When you get a title
loan from most lenders, they might hound you for information on what you are using your money for.