Good Enough Credit Score To Buy A House -

: Your ability to repay, based on income and employment history.

To buy a house, a is generally the minimum threshold for standard conventional loans. However, the "good enough" score depends heavily on the type of mortgage you choose and the interest rate you want to secure. Minimum Credit Scores by Loan Type good enough credit score to buy a house

: Typically require a 620 , but may allow lower scores through manual underwriting. : Your ability to repay, based on income

: Your available savings for a down payment and closing costs. Credit : Your history of on-time payments. Collateral : The value and condition of the home itself. Tips to Improve Your Score Quickly Minimum Credit Scores by Loan Type : Typically

While you can buy with a 620, a "good" score—one that unlocks better rates—is typically .

: You can qualify with a score as low as 500 if you can provide a 10% down payment. If your score is 580 or higher , the down payment requirement drops to just 3.5%.