Credit Needed To Buy | A House

: Scores of 740 to 760+ typically unlock the most competitive interest rates and lowest fees. FHA Loans (Government-Backed) : 580+ : Qualifies for the minimum 3.5% down payment .

Your credit score often dictates which "bucket" of loan products you qualify for: : credit needed to buy a house

: Historically 620 , though recent policy shifts allow for more flexible evaluations of your full financial profile. : Scores of 740 to 760+ typically unlock

The VA sets score, but most private lenders typically require at least 580 to 620 . USDA Loans (Rural/Suburban) : credit needed to buy a house