What kind of credit score do I need to buy a home?

Most loan programs require a FICO score of 620 or better. Borrowers with higher credit scores represent less risk to the lender, often resulting in a lower the down payment requirement and better interest rate. Conversely, home buyers with lower credit scores may need to bring more money to the table (or accept a higher interest rate) to offset the lender’s risk.

Reach out to me with any loan or real estate questions at jodi@kefalosandassociates.com!

Source: rubyhome.com