While a is generally considered the minimum "decent" credit score to qualify for a standard conventional mortgage, you can technically buy a house with a score as low as 500 through specific government-backed programs. However, the "ideal" score for securing the most competitive interest rates and favorable terms is typically 740 or higher . Mortgage Eligibility by Credit Score Range
Pay down credit card balances to below 30% of your total limit. what is a decent credit score to buy a house
A "decent" score isn't just about getting a "yes"—it's about the long-term cost of the home. While a is generally considered the minimum "decent"
If you put down less than 20% on a conventional loan, you'll pay Private Mortgage Insurance (PMI). Those with higher credit scores often pay significantly lower PMI premiums. A "decent" score isn't just about getting a
You will likely qualify, but your interest rates may be higher than those offered to "prime" borrowers. 700–739: Good
What is a good credit score to buy a house? - Fidelity Investments
Your credit score largely determines which loan types are available to you and how much of a down payment you'll need.