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What credit score is needed to buy a house?

What credit score do I need to buy a house? I have decent credit, and I want to make sure I can get the loan I want.

Asked By James | Heath, OH | 94 views | Finance Legal Info | 2 months ago

Answer(3)

Rising Star

20 Answers

Jamie Merwin

ZMD REALTY

If you have at least a 580 credit score, you qualify for an FHA loan with a down payment of 3.5% (or between 500 & 579 with 10% down payment). Obviously, the better your credit score, the better interest rates you qualify for & lower down payment options. Speak to a professional mortgage broker for more details & to get pre-qualified.

Novice

2 Answers

Julie Walck

Newman-Dailey Resort Properties, Inc.

(9)

FHA loan requirements of 2024 Credit score: Minimum credit score of 580 (or 500 with a higher down payment) Down payment: 3.5 percent (or 10 percent with a credit score between 500 and 579)