Is My Credit Good Enough To Buy A House May 2026

Most commercial banks and lenders like Rocket Mortgage require at least 620. Note that in 2026, some guidelines from Fannie Mae and Freddie Mac have become more flexible, looking at broader financial pictures like rental history, though individual lenders often maintain their own 620 minimums. FHA Loans (500–580): 580+: Qualifies you for the low 3.5% down payment option.

You may still qualify but typically must provide a 10% down payment. is my credit good enough to buy a house

While the Department of Veterans Affairs doesn't set a hard floor, most private lenders set their own "overlays" between 580 and 620 . Most commercial banks and lenders like Rocket Mortgage

Because these loans exceed standard limits (over $832,750 in 2026), they require much higher credit scores and larger down payments. Score Tiers and Interest Rates (March 2026) You may still qualify but typically must provide

Lenders use different thresholds based on the risk associated with each loan program:

For most borrowers in 2026, , though you can qualify with a score as low as 500 through specialized government-backed programs like FHA loans.