To buy a home, you don’t need flawless or even decent credit. In reality, getting a mortgage requires a minimum credit score of 580, which is just called “fair.”
Keep in mind that mortgage lenders do not look at the credit report in isolation.
Your credit history, debts, and down payment are all taken into consideration. The higher your score in these places, the more likely you are to be able to get away with a bad credit history.
The disadvantage of having poor credit is that you would have to pay a higher interest rate. Many low-credit borrowers, on the other hand, choose to invest now and refinance later as their credit increases.
Minimum credit ratings vary depending on the mortgage product
The credit rating used to purchase a home is determined by