: Reserved for high-value properties, these typically required a minimum of 700 to 720 . Average Scores of Approved Borrowers (January 2017)
: Lenders generally looked for at least a 640 for automated approval, though manual underwriting was sometimes possible for lower scores.
Lenders used different benchmarks depending on the specific mortgage program:
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
: Reserved for high-value properties, these typically required a minimum of 700 to 720 . Average Scores of Approved Borrowers (January 2017)
: 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: : Reserved for high-value properties
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 what credit score to buy a house 2017
