Your credit score is one of the primary factors mortgage lenders consider when you apply for a loan. If your score needs work, there are steps you can take to improve it before you apply.

Many experts recommend having the equivalent of six months’ worth of mortgage payments in a savings account, in addition ...

It's possible to buy a house with bad credit, but you may end up with a high mortgage rate. If your score is above 580, you can look into FHA loans or other government-backed mortgages.

A loan officer explains how to improve your credit and refinance your mortgage, plus how to make sure refinancing benefits you. Updated Tue, May 20 2025 Megan DeMatteo Money Writer / Editor, Select ...

Key takeaways. Although prequalification is not a substitute for preapproval, it can be a way to shop around for a mortgage without a hard credit inquiry hurting your score.

You don’t need a perfect credit score to apply for a mortgage. And over time, having a mortgage may even raise your credit score. However, increases in credit score points depend on several factors: ...

"With borrowing costs elevated, buyers can take steps to reduce their housing expenses by securing a lower mortgage rate," said Hannah Jones, senior research analyst at Realtor.co ...

The Bottom Line: Shop Mortgages Without Hurting Your Credit. Ultimately, shopping for a mortgage is worth it to compare rates and terms before signing on the dotted line.

Most lenders require a minimum credit score of 620 to refinance a mortgage, but there are options if you have a lower credit score.; Paying your bills on time, lowering your overall amount of debt ...

The minimum credit score required for a conventional loan is 620, while other types of mortgages require scores between 500 and 700. A higher credit score usually translates to a lower interest rate.

Like it or not, you have a number — and it’s either helping or hurting you. Here’s a simple guide to making yours better.