Lenders don't just look at your three-digit score. According to TBA Credit Union , they evaluate the :
While 620 is a common benchmark, several programs allow for lower scores: good enough credit score to buy a house
: Get a free report from Equifax, Experian, or TransUnion to dispute any inaccuracies. What is the credit score needed to buy a house? | U.S. Bank Lenders don't just look at your three-digit score
: You can qualify with a score as low as 500 if you can provide a 10% down payment. If your score is 580 or higher , the down payment requirement drops to just 3.5%. : Your ability to repay, based on income
: Your ability to repay, based on income and employment history.
: Often requires a minimum between 580 and 620 , though some lenders like Freedom Mortgage may accept scores as low as 550.
: You are a solid candidate for most loans, though you may not get the absolute lowest rates available.