Buying A House With 600 Credit Score at Buying

Buying A House With 600 Credit Score. The minimum credit score you’ll need depends on the type of loan. Buying a home doesn't always require a stellar credit score.

In addition to overall approval, these factors will also affect interest rates, so it’s best to be above 600 in this scenario. Scores below 600 would be considered high to very high risk. I believe most major lenders have announced minimum credit score requirements that are significantly higher, ~620.

2 Major Myths Holding Back Home Buyers Keeping Current

Of course, the best option is to work on repairing your credit. However, they need a 10% down payment If you have a 600 credit score you should be in a good position to qualify. How much money do i need to put down with bad credit?