You will need at least at least the middle credit score of 640 or higher to buy a house. If you’re getting mortgage loan financing, such as an FHA loan or a USDA loan, the middle credit score needs to be 640 or higher. However, if you’re going with conventional financing, and you have a down payment of 20%, a 620 middle credit score is what’s needed to purchase a house.
Share:
RELATED MORTGAGE ADVICE FROM SCOTT SHELDON
How to Buy a Home Without a Job Using a Rental Property Loan Strategy
If you’ve got solid credit and a decent amount of cash on hand—but no W2…
View More from The Mortgage Files:
begin your mortgage journey with sonoma county mortgages
Let us make your mortgage experience easy. Trust our expertise to get you your best mortgage rate. Click below to start turning your home dreams into reality today!