Who this article is for
This article is for:
Homebuyers checking if they qualify for a Nestwise loan
Homeowners considering refinancing with Nestwise
Anyone unsure whether their current credit score meets our requirements
What is the minimum credit score required?
To qualify for a Nestwise mortgage, borrowers must have a minimum credit score of 620.
This requirement applies to:
Purchase loans
Rate-and-term refinances
Cash-out refinances
Nestwise follows Fannie Mae and Freddie Mac guidelines, and 620 is the standard minimum score for most conventional mortgage programs.
Does a higher credit score help?
Yes.
A higher credit score can make it easier to qualify and may help you receive:
Better loan terms
More favorable pricing
Simplified documentation in some cases
However, meeting the 620 minimum is the first step toward eligibility.
What if my credit score is below 620?
If your score is below 620, you will not be eligible for a Nestwise mortgage at this time.
Borrowers in this situation have two options:
1. Improve your score and reapply later
You can work on building your credit and try again when you meet the 620 requirement.
2. Explore alternative home financing through Doorly™
Nestwise’s sister company, Doorly, offers flexible, tech-powered financing options for borrowers who may not qualify for traditional mortgages.
Doorly may be a better fit if:
You have credit challenges
You are self-employed or have mixed income
You’ve been turned down by conventional lenders
Learn more at www.godoorly.com.