Cleaning up your credit before buying a house is a multi-month process focused on raising your score to qualify for better mortgage rates and terms. A higher score reduces the lender's risk, often leading to lower interest rates that can save you tens of thousands of dollars over the life of a loan. 1. Know Your Target Score
: Allow scores as low as 500 with a 10% down payment, or 580 with a 3.5% down payment. cleaning up credit to buy a house
: While the government doesn't set a hard minimum, lenders often look for a score of 580 to 640 . Cleaning up your credit before buying a house
Minimum credit score requirements vary by loan type and lender. : Typically require a minimum of 620 . cleaning up credit to buy a house