If a borrower has a score below what amount, the lender will not underwrite a loan?

In the context of mortgage lending, a credit score is a significant factor in the underwriting process. When it comes to the threshold that lenders use for evaluating mortgage applications, a credit score below 620 is typically considered a critical benchmark. Borrowers with a score under this amount often face challenges in securing a loan since it indicates potential higher risk to the lender.

Lenders generally use a credit score of 620 as a minimum standard for conventional loans, which helps to ensure that the borrower has a sufficient credit history and reliability to manage debt obligations. This standard assists lenders in making informed decisions about the likelihood of repayment based on the borrower’s past behavior.

There are specialized loan programs that might accept lower scores, but for conventional financing, 620 is a common cutoff. This ensures that the risk is managed effectively, protecting both the lender's interests and the overall health of the mortgage market.