Skip to Content
Home Buying & Renting
How credit impacts home buying
Open toolbar

Take the bonus quiz

Test your knowledge. Earn more points. Get started

What is considered a "good" credit score?


Lenders could see anything below 650 as a risky bet.

Next question
A lower credit score will result in a mortgage interest rate that is:


Generally speaking, the lower your credit score, the higher your rate.

Next question

You got 2 of 3 correct

You can retake the quiz to maximize your points, but you won't get additional points for questions you already answered right.

Retake quiz

Key Takeaways

Print version

Credit is always important, but it's never more important than when it comes to buying a home. Keep these basic factors in mind and you could get started on the right track.

  • Keep your credit score above 650 for the best chance at a good mortgage rate
  • Review your credit report every year, and report any mistakes to a credit bureau
  • Check your credit report for free every year with Equifax, Experian, or TransUnion
  • Before opening a new credit account, consider how it could affect your score
  • Try boosting your credit score by keeping balances manageable, paying on time, and holding onto credit accounts you’ve usually paid on time