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

I’m almost 22 and am thinking (in the beginning stages of looking, nothing too serious) of buying a house. What kind of credit score do I need to be approved for a mortgage loan? My current score is 695. I’m sure it depends on other things too. I have two credit cards and a car payment. I’m not seriously looking, and I don’t want to add another bill to my budget quite yet.I’m just wondering if that is a good score or not. What else do the mortgage loan officers look at? Thanks :)

2 thoughts on “What kind of credit score do I need to have to buy a house?

  1. You can buy a home and get a good interest rate with a credit score of 620. Family income and debt to ratio are other things a lender will look at. A home is a very good investment and in the current market you can find really good deals.

  2. If your credit score is 580 or above you have options. If your credit score is 620 or above you have better options. If your credit score is 740 or above you have the best options. A 695 score will give you the same rate as a 740 with an FHA loan, but not with a conventional loan. See a loan officer to explain the differences and yuor options when you are ready.

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