Buying a House in 2018: What Should My Credit Score Be? | Intuit. – Read on to learn what credit score is needed to buy a house in 2018 and find the best rates for mortgage loans on your dream home.
· Your FICO score plays an important part in the home buying process and in determining the interest rate that a lender offers. A credit score is a number that lenders use to estimate risk. Experience has shown them that borrowers with higher credit scores are less likely to default on a loan.
This Is the Credit Score You Need to Buy a House – Is My Credit Score Good Enough to Buy a House? To help you gauge where you stand, review the FICO credit score scale. It ranges from exceptional to poor – if your credit score is poor, you need to take steps to improve your credit before you start the process of buying a home.