Lenders use your credit scores to assess risk and determine your monthly interest rate. What credit score is needed to buy a house? | Fidelity

The credit score you need to buy a house depends directly on the type of mortgage loan you are applying for. While you can qualify for certain government-backed loans with a credit score as low as 500, a higher score will always secure significantly better interest rates and more favorable loan terms. Minimum Credit Score Requirements by Loan Type Mortgage Type Typical Minimum Score Core Benefit 580 (3.5% down) or 500 (10% down) Accessible to lower-credit or first-time buyers. Conventional Loan 620 The most common mortgage; no upfront government fees. VA Loan No official minimum (often 580–620 by lenders) Available to veterans/military; usually requires $0 down. USDA Loan No official minimum (often 640 by lenders) For rural properties; offers 100% financing. Jumbo Loan 700+ Used for luxury properties or expensive living areas. How Credit Score Ranges Impact Your Mortgage