: Borrowers with lower scores may require manual underwriting, a more intensive review process. Jumbo Loans :
“Mortgage lenders can now use newer credit scoring models, like VantageScore 4.0, which consider additional information – such as rent, utilities, or telecom payments. This can help more people, especially those with limited or 'thin' credit histories, have...” MECU Credit Union · 4 months ago Tips for Homebuyers in 2026
: On a $400,000 mortgage, a borrower with a 760+ score can save approximately $193,000 in interest over 30 years compared to someone in the 620–639 range. whats a good fico score to buy a house
What is a good credit score to buy a house? - Fidelity Investments
New standards introduced in 2026 allow lenders to use updated scoring models like and VantageScore 4.0 , which can factor in rental and utility payment history. : Borrowers with lower scores may require manual
A higher score doesn't just mean approval; it directly impacts your monthly budget.
: As of late 2025, Fannie Mae and Freddie Mac shifted toward a more holistic risk assessment, potentially benefiting those with strong assets but lower scores. FHA Loans : 580+ : Qualifies for the minimum 3.5% down payment . 500–579 : Possible with a 10% down payment . VA Loans : No official minimum set by the government. What is a good credit score to buy a house
: Most private lenders prefer a score between 580 and 620 . USDA Loans : 640+ : Preferred for automated approval.