What Credit Score You Need To Buy A House -

The most common mortgage; requires at least 3% down. Scores of 740+ secure the best rates. 580 (with 3.5% down) 500 (with 10% down)

For suburban and rural properties. Lenders typically require at least a for automated approval. Jumbo Loans 700 to 720 what credit score you need to buy a house

While achieving the minimum score gets you through the door, having a higher score heavily lowers your interest rate and saves you thousands over the life of your mortgage loan. 🏠 Minimum Credit Scores by Loan Type The most common mortgage; requires at least 3% down