In 2017, the minimum credit score required to buy a house generally depends on the type of mortgage loan you are seeking, but most lenders look for a score of at least for conventional loans . Minimum Credit Scores by Loan Type in 2017
: A higher score provides a "buffer" if other parts of your application (like your debt-to-income ratio) are less than perfect. 2017 Market Context credit score to buy a house 2017
Your credit score doesn't just determine if you can get a loan; it determines how much that loan will cost you over 30 years. In 2017, the minimum credit score required to
: 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 : Applicants with a score of 640 or
: For FHA and conventional loans with low down payments, your credit score can influence the cost of your Private Mortgage Insurance (PMI).