What Credit Score To Buy A House 2017 -

In 2017, the minimum credit score required to buy a house generally ranged from , though the "best" terms typically required a score of 740 or higher . While many programs theoretically allowed lower scores, the actual median FICO score for all approved mortgages in January 2017 was 722 . 2017 Minimum Score Requirements by Loan Type

: Lenders generally looked for at least a 640 for automated approval, though manual underwriting was sometimes possible for lower scores. what credit score to buy a house 2017

Lenders used different benchmarks depending on the specific mortgage program: In 2017, the minimum credit score required to

In 2017, your credit score directly dictated your interest rate (APR). For a 30-year fixed mortgage, the average differences were stark: : ~3.87% APR 700–759 : ~4.09% APR 620–639 : ~5.46% APR Comparing FHA Credit Score Requirements to Other Mortgages Lenders used different benchmarks depending on the specific