Credit Score To Buy A House 2017 Site

: Applicants with a score of 640 or higher often benefit from automated underwriting, while those below may face stricter manual review. Why the Score Matters

While the "magic number" can vary by lender, these were the standard industry benchmarks for 2017: : 580 or higher : Allows for a down payment as low as 3.5%. credit score to buy a house 2017

: You may still qualify, but you are typically required to provide a 10% down payment. Conventional Loans (Fannie Mae and Freddie Mac) : : Applicants with a score of 640 or