Minimum Credit Score To Buy A House

Even the most financially aware customers may find credit ratings to be a complicated subject.

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Most people know that having a good credit score increases the likelihood of being approved for a mortgage since it demonstrates to the lender that the borrower is likely to make the loan payments on time.

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For this reason, many lenders have minimum credit score requirements for the loans they provide.

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The Minimum Credit Score Needed to Buy a House?

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A credit score is essential when buying a house because it shows the history of how that person has handled debt.

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The 20% decline threshold is what differentiates a bear market from a mere pullback or market correction.

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Minimum Credit Score Required By Mortgage Loan Type

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The minimum credit score depends on the mortgage type the borrower is trying to obtain.

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1. Conventional Mortgage Loans

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