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What Credit Score Do I Need To Buy A House. This might have you wondering: Each credit measuring body has different parameters to measure and evaluate credit scores.
from venturebeat.com
If you’re planning to buy a home, your credit score will play a big part in the process. Scores below 600 would be considered high to very high risk. However, those who have a “good” credit score of 740 and higher will be offered the best mortgage rates.
Minimum fico ® score required — 620. For example, if you have an experian credit score of 750, you might get a higher interest rate than someone with a credit score of 900, which could cost you tens of thousands more over the life of your mortgage. The same with the credit score. You must have a minimum score of 580 to qualify for the low down payment advantage of 3.5%.
