Buy A House With A 704 Credit Score | Can I

Are you planning to buy a home within the , or are you still in the early savings phase ?

Do you have a stable two-year history in your field? can i buy a house with a 704 credit score

The difference between a "Fair" score (640) and your "Good" score (704) can equate to tens of thousands of dollars over the life of a 30-year mortgage. Because your score is over the 700 threshold, lenders view you as a lower risk, which translates to a lower interest rate. Are you planning to buy a home within

While your 704 score is a fantastic foundation, it is important to remember that a credit score is only one piece of the puzzle. To finalize a home purchase, lenders will also look at: Because your score is over the 700 threshold,

If you are a veteran or looking to buy in a rural area, these zero-down-payment options are fully available to you. A 704 is well above the internal "benchmark" scores most lenders use for these programs. The Financial Advantage

These are the standard in the industry. With a 704, you will likely qualify for competitive interest rates. While you won’t get the absolute lowest "teaser" rates reserved for perfect scores, your rate will still be significantly better than someone in the 600s.

Backed by the Federal Housing Administration, these are popular for first-time buyers. While these loans accept scores as low as 580, a 704 makes the approval process incredibly smooth and may even help you secure a lower mortgage insurance premium.