Credit Score To Buy A House 2017 May 2026

: Borrowers with "Excellent" credit (760+) receive the lowest available interest rates.

: This is generally the absolute minimum. Scores below this are often considered too risky for standard conventional financing. VA Loans (Department of Veterans Affairs) : credit score to buy a house 2017

: The VA doesn't set a score, but most lenders require a 620 to approve the loan. USDA Loans (U.S. Department of Agriculture) : : Borrowers with "Excellent" credit (760+) receive the

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%. VA Loans (Department of Veterans Affairs) : :

Following the tighter credit restrictions after the 2008 financial crisis, 2017 saw a slight loosening of credit standards. However, the average credit score for closed mortgages remained high, often averaging above , as lenders remained cautious and prioritized "prime" borrowers.