Good Enough Credit Score To Buy A House May 2026

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

: You can still buy a home, but you may be limited to government-backed loans or pay higher interest. Beyond the Score: The "4 C's"

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

While 620 is a common benchmark, several programs allow for lower scores:

: You will likely qualify for the most competitive interest rates and lower private mortgage insurance (PMI) costs. If you are just a few points shy

: Typically require a 620 , but may allow lower scores through manual underwriting.

: Reducing your credit utilization can provide a quick boost. : Typically require a 620 , but may

: 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