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What is the ideal score to buy a house at the most suitable T&C?

Date: Mon, 08/26/2019 - 22:27
Submitted by rhino54 on Mon, 08/26/2019 - 22:27
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What is the ideal credit score to buy a house at the most suitable terms and conditions? Is it a good decision to wait till I achieve that score? Can I keep my mortgage rate the same, that I'm getting now, and buy a house the next year?


Well, there is no such "ideal credit score". But yes, you can take out a loan with suitable terms and conditions if you have a good credit score. A credit score of 700 and above is considered a good one! You can wait to build a good credit score and take out a loan afterwards.


Submitted by Craigh.terry on Tue, 08/27/2019 - 00:10

Craigh.terry

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Best credit score? Technically speaking, the best credit score is 850. Can you achieve that? Are you willing to wait until you get that perfect credit score?
Try to maintain a credit score between 700 and 750. That is enough. The credit score criterion for FHA home loan is much less.


Submitted by Nick Jonas on Wed, 08/28/2019 - 02:01

Nick Jonas

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If you can wait and you usually maintain a high score but your score has reduced for some reasons, you can wait to achieve the magical 800+ score. Usually, a mortgage lender locks the interest rate for about 30-60 days. I would say shop for loans and compare the terms and conditions so that you can take out the most suitable one.


Submitted by Good Nelly on Thu, 08/29/2019 - 00:20

Good Nelly

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