How to Qualify for an FHA loan with a 620 Credit Score in Long Beach...

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Unlock Homeownership in Long Beach with Just a 620 FICO

We help everyday buyers secure FHA financing — no perfect credit needed. Whether you're renting, relocating, or rebuilding credit, Long Beach homeowners are finding their path forward right here.

We've helped hundreds of local buyers with credit challenges secure FHA approvals—now it's your turn.

  • Is 620 Good Enough for an FHA Loan?

  • What Are the FHA Guidelines in California?

  • What If I Don’t Have 3.5% Down Yet?

  • Can I Buy a Home in Long Beach with a 620 Score?

Don't guess. Don’t Google. I’ll show you exactly what it takes to get approved in Long Beach today.

These are the same questions we hear from Long Beach buyers every day...

🔍 Is 620 Good Enough for an FHA Loan?

🔍 What Are the FHA Guidelines in California?

🔍 Can I Buy a Home in Long Beach with a 620 Score?

Don't worry, we can help!

If Any of This Sounds Familiar, You’re in the Right Place

You want to buy a home in Long Beach (or nearby)

Your credit score is around 620—but you’re working on it

You have some funds for a down payment (or want to explore assistance programs)

You’re unsure about the FHA process and want expert guidance

You’d rather speak to a real person than guess your way through it

You’ve been told “you don’t qualify” but haven’t seen real numbers or options

You’re rebuilding after credit challenges, collections, or late payments

You’re tired of renting and want to turn your monthly payment into equity

You’re looking for a real plan—not just a vague pre-qual letter

Cover image showcasing the flexibility of Conventional loans, with options for various credit profiles and property types.

Conventional Loans: Tailored Solutions for Today’s Homebuyers

Loan Comparisons
March 25, 2025•1 min read

Conventional Loans: Flexible Financing for All Buyer Profiles

Conventional Loans: Tailored Solutions for Today’s Homebuyers

Conventional loans are one of the most popular financing options for homebuyers, offering flexibility, competitive rates, and diverse term lengths. Whether you’re purchasing a primary residence, second home, or investment property, a conventional loan may be the right fit for your goals.

✅ What is a Conventional Loan?

A conventional loan is a mortgage that is not backed by a government agency like the FHA or VA. These loans are offered by private lenders and follow guidelines set by Fannie Mae and Freddie Mac.

🎯 Key Benefits of Conventional Loans:

  • Low Down Payment Options: As low as 3% down for qualified buyers.

  • No PMI with 20% Down: Private mortgage insurance (PMI) is not required if you put down at least 20%.

  • Flexible Property Options: Can be used for primary residences, second homes, and investment properties.

  • Higher Loan Limits: Conventional loans offer higher limits than FHA loans, making them ideal for high-cost markets.

⚠️ Considerations for Conventional Loans:

  • Stricter Credit Requirements: Minimum credit score of 620+ is typically required.

  • PMI for Low Down Payments: PMI is required if the down payment is less than 20%.

  • Stricter DTI Ratios: Conventional loans often have more stringent debt-to-income limits.

🏡 Alternatives If Conventional Loans Don’t Fit

If you don’t qualify for a conventional loan, consider:

  • FHA Loans: Easier approval with lower down payments and flexible credit.

  • DSCR Loans: Ideal for investors purchasing income-producing properties.

📞 Partner with the Troy Mire Team for Tailored Financing

The Troy Mire Team offers expert guidance to help you explore conventional loans and other financing options. We’re here to ensure you find the best solution that fits your unique situation.

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Troy Mire

Troy P. Mire is a seasoned Real Estate Broker, Mortgage Broker, and Hard Money Specialist with over 20 years of experience in the industry. As the founder of TMireBroker & Co., Troy specializes in providing tailored real estate and mortgage solutions, including FHA, Conventional, VA, USDA, DSCR, H120 Loans, and Hard Money Lending. With licenses in both real estate (DRE: 01199870) and mortgage (NMLS: 1795353), Troy brings unparalleled expertise to every transaction, helping clients achieve their financial and investment goals. Known for his dedication, knowledge, and client-focused approach, Troy is a trusted advisor in the Southern California market and beyond.

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The FHA Process — Simplified

Here's what you get:

  • I’ll walk you through the exact steps to qualify with a 620 score—from pre-approval to closing.

  • We’ll review your score, trade lines, and any recent dings—and how they affect approval.

  • I’ll break down your income, debt ratios, and down payment options—and show you what’s possible.

  • No sales pitch... Just answers!

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"Let’s skip the guessing. Schedule a free 1-on-1 call, and let’s build your game plan"

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Equal Housing Opportunity | Real Estate Services: TMireBroker & Co. | CA DRE: 01199870 | Private Lending: TMireBroker & Co. |

Asset-Based Loans | Not a Commitment to Lend | Traditional Mortgages: | NMLS: 1795353 | Programs Subject to Change | Restrictions Apply | For Industry Use Only | No Legal Advice Provided | Loans & Real Estate Services Not Available in All States | All Offers Subject to Qualification & Applicable Laws