What Credit Score You Need To Buy A Home May 2026

: 640 is typically required for automated approval.

Scores between 500 and 579 are possible but usually require a 10% down payment. : 620 minimum. what credit score you need to buy a home

Your credit score places you into "tiers" that dictate your interest rate and mortgage insurance costs. For a $300,000 loan, the difference between a fair and excellent score can be significant: Average Mortgage Rates by Credit Score - Experian : 640 is typically required for automated approval

: 700 to 720+ is standard for loans exceeding conforming limits (typically $806,500 in most areas for 2026). How Your Score Impacts Monthly Costs what credit score you need to buy a home