Acceptable but less desirable.
Moderate approval chances; often requires additional documentation or a co-applicant to secure a loan. average credit score buy house
High approval chances, though interest rates may be 0.5%–1.0% higher than the top tier. Acceptable but less desirable
Minimum requirements can vary significantly based on the type of loan you choose: FHA vs Conventional Loan | 2026 Rates & Differences average credit score buy house
Borrowers may need to turn to specific Non-Banking Financial Companies (NBFCs) with significantly higher rates or provide a much larger down payment. Typical Interest Rates by Score Tier