Good Enough Credit Score To Buy A House Apr 2026

: You can qualify with a score as low as 500 if you can provide a 10% down payment. If your score is 580 or higher , the down payment requirement drops to just 3.5%.

If you are just a few points shy of a better rate tier, consider these steps:

: Even one 30-day late payment can drop your score by 60 to 110 points . good enough credit score to buy a house

: Often requires a minimum between 580 and 620 , though some lenders like Freedom Mortgage may accept scores as low as 550.

: Your available savings for a down payment and closing costs. Credit : Your history of on-time payments. Collateral : The value and condition of the home itself. Tips to Improve Your Score Quickly : You can qualify with a score as

: Your ability to repay, based on income and employment history.

While 620 is a common benchmark, several programs allow for lower scores: : Often requires a minimum between 580 and

: You are a solid candidate for most loans, though you may not get the absolute lowest rates available.