What Credit Score You Need To Buy A Home May 2026

Lenders typically use these baseline scores for the major 2026 mortgage programs: : 580 minimum for a 3.5% down payment.

: 640 is typically required for automated approval. 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 Lenders typically use these baseline scores for the