A House: Am I Eligible To Buy

: Often target scores between 580 and 640 , though neither has a strict government-mandated minimum. 2. Debt-to-Income (DTI) Ratio

While higher scores unlock better interest rates, you don't need "perfect" credit to qualify. am i eligible to buy a house

: You can qualify with a score as low as 580 with a 3.5% down payment. Some lenders may even accept scores down to 500 if you can provide a 10% down payment. : Often target scores between 580 and 640

: Historically required a 620 minimum. However, as of late 2025, Fannie Mae and Freddie Mac have largely eliminated strict numeric minimums in favor of a holistic risk assessment, though many individual lenders still prefer a 620+ score. as of late 2025