Some types of mortgages have specific minimum credit score requirements. A conventional loan requires a credit score of at least 620, but it's ideal to have a score of 740 or above, which could allow you to make a lower down payment, get a more attractive interest rate and save on private mortgage insurance.

While there is no "magic number," a credit score of 750 or higher is considered "optimal" for buying a house in 2026, as it typically guarantees the lowest interest rates and the most favorable mortgage terms. For most standard "Conventional Loans," a minimum score of 620 is required, though some lenders may push for 660. If your score is lower, you can still achieve homeownership through FHA Loans, which accept scores as low as 500 (with a 10% down payment) or 580 (with a 3.5% down payment). "Jumbo Loans" for high-value properties generally require a minimum of 700, with 740 being recommended. In 2026, lenders also look closely at your Debt-to-Income (DTI) ratio, preferring it to be 50% or lower, and your Loan-to-Value (LTV) ratio. A person with a score in the 760-850 range might pay significantly less in total interest over a 30-year term compared to someone in the 620-639 range, potentially saving over $100,000. For those with lower scores, applying with a co-signer or providing a higher down payment can significantly improve the chances of mortgage approval.