While you don't technically need "good" credit to buy a house, your credit score is the single most important factor determining your and loan options .
Lenders use different "floors" depending on the program. In India, most major banks look for a as a baseline.
Extremely difficult to secure a loan; lenders may require a massive down payment (e.g., 50%) to offset the risk. Why "Good" Credit Matters
Some specialized or government-backed programs (like FHA in the U.S. or specific NBFC schemes in India) may go this low, but they often require larger down payments or higher insurance costs.
Generally eligible, but you may pay slightly higher interest.
Minimum CIBIL Score for Home Loan Eligibility & Score - Axis Bank
: If you pay for the house in full with cash, your credit score is completely irrelevant.
: If you need a loan, a higher credit score (typically 750 or above ) unlocks the lowest interest rates and easiest approval process. Minimum Scores by Loan Type
Do I Need Good Credit To Buy A House -
While you don't technically need "good" credit to buy a house, your credit score is the single most important factor determining your and loan options .
Lenders use different "floors" depending on the program. In India, most major banks look for a as a baseline.
Extremely difficult to secure a loan; lenders may require a massive down payment (e.g., 50%) to offset the risk. Why "Good" Credit Matters do i need good credit to buy a house
Some specialized or government-backed programs (like FHA in the U.S. or specific NBFC schemes in India) may go this low, but they often require larger down payments or higher insurance costs.
Generally eligible, but you may pay slightly higher interest. While you don't technically need "good" credit to
Minimum CIBIL Score for Home Loan Eligibility & Score - Axis Bank
: If you pay for the house in full with cash, your credit score is completely irrelevant. Extremely difficult to secure a loan; lenders may
: If you need a loan, a higher credit score (typically 750 or above ) unlocks the lowest interest rates and easiest approval process. Minimum Scores by Loan Type