If you have a lower score and put down less than 20%, you may face higher monthly premiums for Private Mortgage Insurance (PMI) .
Borrowers with lower scores often face more scrutiny, requiring extra paperwork like multi-year tax returns or written explanations for past credit issues. What Do Lenders Consider "Good"? What credit score is needed to buy a house? | Fidelity how important is your credit score when buying a house
Lenders use your score to decide if they will lend to you at all. For most conventional mortgages, a score of 620 is the standard minimum. If your score is lower, you might still qualify for government-backed options like FHA loans , which can accept scores as low as 500 with a larger down payment. If you have a lower score and put