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Is my credit score part of the qualification process?

While a credit report is reviewed to provide a checks-and-balance on provided information, the credit score, per se, is NOT used in the qualification process since there is no minimum credit score requirement. The credit report is used in the financial assessment process to gather information to demonstrate that you have the capacity to pay all homeowner's insurance, property taxes, and maintenance


If you are delinquent on any Federal debt, or have a lien including taxes, placed against your property for a debt to the United States, you are not eligible until the delinquent account is brought current, paid or otherwise satisfied.  While your property need not be debt-free to be eligible, any indebtedness from an existing lien must typically be satisfied at closing.