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
: You may still qualify, but you are typically required to provide a 10% down payment. Conventional Loans (Fannie Mae and Freddie Mac) : credit score to buy a house 2017
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%. In 2017, the minimum credit score required to
: For FHA and conventional loans with low down payments, your credit score can influence the cost of your Private Mortgage Insurance (PMI). : For FHA and conventional loans with low
: This is generally the absolute minimum. Scores below this are often considered too risky for standard conventional financing. VA Loans (Department of Veterans Affairs) :