Earnest money deposit FHA loan Proof of funds 
Redfin
JULY 30, 2025
It’s important to note, however, that your credit score influences your interest rate and loan options. Here are the minimum credit scores needed to qualify for certain loans: Conventional loans: 620-660 Jumbo loans: 700 FHA loans: 500-580 VA loans: no requirement USDA loans: typically 620, but can be lower 8.
HomeLight
SEPTEMBER 30, 2020
The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. Next, explore financing options.
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Redfin
AUGUST 29, 2024
Jumbo loan: Also known as non-conforming loans, jumbo loans exceed the limits set by conforming loans. These loans are typically issued for more expensive homes and come with stricter qualification requirements. What’s an earnest money deposit? What is a home inspection contingency?
The Close
JULY 25, 2024
PARAGRAPH VERSION copy to clipboard We are prepared to offer [offer amount] for the property with [earnest money amount] as an earnest money deposit. Optional: earnest money calculation explanation.] If the offer is cash, submit redacted proof of funds to strengthen the offer further.
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