While the "magic number" can vary by lender, these were the standard industry benchmarks for 2017: : 580 or higher : Allows for a down payment as low as 3.5%.
: Borrowers with "Excellent" credit (760+) receive the lowest available interest rates. credit score to buy a house 2017
Your credit score doesn't just determine if you can get a loan; it determines how much that loan will cost you over 30 years. While the "magic number" can vary by lender,
: You may still qualify, but you are typically required to provide a 10% down payment. Conventional Loans (Fannie Mae and Freddie Mac) : credit score to buy a house 2017
: The VA doesn't set a score, but most lenders require a 620 to approve the loan. USDA Loans (U.S. Department of Agriculture) :