What Is A Decent Credit Score To Buy A House Here

Most lenders, including those following Fannie Mae guidelines, require at least a 620 for conventional fixed-rate mortgages.

This is the "ideal" range. Borrowers here typically receive the lowest available interest rates and may have lower down payment requirements. Why the Score Matters (Beyond Approval) what is a decent credit score to buy a house

If you put down less than 20% on a conventional loan, you'll pay Private Mortgage Insurance (PMI). Those with higher credit scores often pay significantly lower PMI premiums. including those following Fannie Mae guidelines