According to Fannie Mae, nearly 90% of homebuyers either don’t know what credit score lenders are actually looking for—or they assume it’s higher than it really is.

That misconception keeps many potential buyers on the sidelines, especially in competitive real estate markets like Westlake Village, Thousand Oaks, Agoura Hills, and across Conejo Valley. But the truth? You may not need a perfect score to qualify for a home loan in Southern California.

Let’s clear up the confusion and give you real, data-backed answers to one of the most common real estate questions: “What credit score do I need to buy a home?”

📊 There’s No One Magic Credit Score

Contrary to popular belief, there's no universal credit score required to purchase a home. Different types of home loans—such as FHA, VA, and conventional loans—come with different credit score guidelines. For example, some FHA loans allow credit scores starting in the 580s.

This means there's more flexibility than many first-time buyers in Conejo Valley expect.

Here’s what FICO says:

“While many lenders use credit scores like FICO Scores to help them make lending decisions, each lender has its own strategy, including the level of risk it finds acceptable. There is no single ‘cutoff score’ used by all lenders...”

In other words, the right lender in Ventura County or Los Angeles County could help you qualify even if your score isn’t perfect. That’s why speaking with a local mortgage professional is key.

💡 Why Your Credit Score Still Matters

Your credit score plays a major role in determining:

• What types of home loans you qualify for

• Your down payment requirements

• The mortgage interest rate you're offered

In today’s market—whether you're shopping in Simi Valley, Newbury Park, or Oak Park—even a small change in your mortgage rate can impact how much house you can afford.

As Bankrate explains:

“Your credit score is one of the most important factors lenders consider when you apply for a mortgage… Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.”

But that doesn’t mean your credit has to be flawless to get started.

✅ Want to Improve Your Credit Score? Here’s How:

If you're planning to buy a home in Conejo Valley and want to improve your score before applying for a loan, here are four strategies recommended by the Federal Reserve:

1. Pay Your Bills on Time

Lenders look for a track record of on-time payments. This includes everything from credit cards to utility bills to your cell phone. Set reminders or automate your payments to stay consistent.

2. Lower Your Credit Utilization

If you’re using a large percentage of your available credit, work on paying it down. Keeping balances low on revolving accounts can improve your score and show lenders you’re a low-risk borrower.

3. Review and Correct Your Credit Report

Mistakes happen. Pull your credit report for free at annualcreditreport.com and check for any errors or outdated info that could be dragging your score down.

4. Avoid Opening New Accounts

Opening multiple credit lines in a short time can lower your score temporarily. Focus on strengthening your existing accounts instead.

🏡 The Bottom Line for Conejo Valley Homebuyers

Your credit score doesn’t have to be perfect to qualify for a home loan in Conejo Valley. Whether you're eyeing a home in Westlake Village, Thousand Oaks, Agoura Hills, or Newbury Park, the best way to understand your options is to speak with a trusted local lender.

At Lydia Gable Realty Group, we partner with top mortgage experts who can walk you through your financing options—and we’re here to guide you through every step of your homebuying journey.

📍 Ready To Explore Homes for Sale in Conejo Valley?

Let’s talk about your next move. Whether you're a first-time buyer or making a return to homeownership, our local real estate experts are here to help.

📞 Call us at (818) 383-4335
💻 Contact us here
📍 Serving Westlake Village, Thousand Oaks, Agoura Hills, Simi Valley, and beyond!