You can buy a house with a credit score of zero. What you must be asking is, what score do you need to get a good loan rate.
I%26#039;d say about 750, and you%26#039;ll have to pay off any car loans or credit card debt too.
What credit score is needed to buy a house?
Higher the better. Talk to loan officer or your bank or credit union.
What credit score is needed to buy a house?
Depends on who you finance through. Even people with bad or no credit can buy a house, through a land contract.
What credit score is needed to buy a house?
although it is true that you can get loan for no credit, it is not a smart move at all. Think 650 as a bare minimum for a reasonable rate for buying a house. Around 680 you can get %26quot;ok%26quot; rate, and above 700, you will be able to get %26quot;good%26quot; to %26quot;great%26quot; rates. Higher the better, but if you don%26#039;t have a good credit rating, expect to get a high rate or wait for another year try to improve your credit score. The latter is a smarter choice usually.
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