What is a good credit score to buy a house?


Most lenders look at your FICO score to determine whether you would be a good or a bad credit risk. FICO scores range from 300 to 850, the higher the better. Here’s a general breakdown: 750 and above is excellent, 749 to 700 is good, 699 to 650 is fair, 649 to 600 is poor, and 599 and below is bad.

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Higher interest rate

Although you can get a mortgage if your score isn’t good, you’ll pay a lot more for the loan by having a higher interest rate. And if your score isn’t good, you might not get a loan at all. Take some time, about a year, to improve your score and try again. Pay all your bills on time, and don’t carry a lot of debt, and your score should improve.

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