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Can you buy a house with a credit score under 620? United Wholesale Mortgage just dropped its minimum credit score on FHA, VA, USDA and conventional loans, effective October 7, 2026. If you live in Denver, Aurora, Colorado Springs or Greeley and thought bad credit kept you renting, a no minimum credit score mortgage is now on the table through lenders who use UWM.
Call or text 303-955-4220. A live person answers. Not a robot, not a phone tree.
No minimum Credit score on agency loans FHA, VA, USDA, Fannie Mae, Freddie Mac | Oct 7, 2026 Effective date Announced by UWM, the largest wholesale lender | AUS decision What decides approval The automated underwriting system reviews the whole file |
What changed
UWM approves agency loans on the automated underwriting system's decision, not on a credit score cutoff. The automated system looks at your income, debts, savings and payment history together. Your credit score still sets your rate and loan fees, so a higher score still costs less. UWM kept its minimum scores on jumbo, bank-statement and investor loans. CEO Mat Ishbia said a credit score is part of the story but not the whole story.
What it means for Colorado renters with credit under 620
The usual 620 cutoff blocked many Colorado renters from FHA and down payment assistance. Brokers who place loans with UWM now run those files through underwriting instead of turning them away at the door. A renter paying $2,000 a month in Aurora or Thornton has a path to own. Read rent or buy in Colorado.
Many people searching for rent-to-own homes in Colorado do it because of credit. Compare it with buying now: a rent-to-own option fee runs about $15,000, and the $1,000 cash-to-close program puts you in a home for $1,000. See Denver rent-to-own homes and Aurora rent-to-own homes.
What lenders still check
- Income you can document: pay stubs, W-2s or tax returns.
- Debt-to-income: your monthly debts plus the new payment, against your income.
- Recent late payments, collections and bankruptcies. Recent ones weigh more than old ones.
- Cash for closing, which CHFA down payment assistance helps cover. Some assistance programs keep their own minimum score.
Next step: a free credit and loan review
Call us. Your lender runs your file through underwriting and tells you yes, no or what to fix. No cost, no obligation. Start with can I afford a home now and the Colorado affordable homes list.
