You Don’t Need Perfect Credit to Buy a Home
Many people delay buying a home because they believe their credit score isn’t strong enough. This misconception keeps countless potential buyers on the sidelines - often for years - when homeownership may be much closer than they think.
One common reason for this belief is the idea that you need near-perfect credit to qualify. You may have heard that the median buyer’s credit score hovers around 775, which can make it feel impossible to compete if your score isn’t in that range. But that number doesn’t tell the full story.
The Truth About Credit Scores and Home Buying
While many buyers do have strong credit, perfect credit is not a requirement for purchasing a home. In fact, recent data shows that buyers are being approved with credit scores in the mid-600s, and the lowest 10% of approved buyers average around a 660 credit score.
That means there’s a much wider window for qualification than most people realize.
Different loan programs have different requirements, and lenders look at more than just your credit score. Factors like your income, employment history, debt-to-income ratio, savings, and payment history all play an important role in determining your buying power.
You May Have More Options Than You Think
If credit concerns have been holding you back, it doesn’t necessarily mean you’re not ready - it may simply mean you haven’t explored your options yet. A quick conversation with a lender can help you understand:
Which loan programs you may already qualify for
What steps could improve your approval chances
How small changes could make a big difference in your buying timeline
In many cases, buyers discover they’re closer to homeownership than they ever expected.
Take the First Step Toward Homeownership
Waiting for “perfect” credit isn’t always necessary - and it might cost you valuable time in the market. If buying a home is on your goal list, consider this your sign to start the conversation. Connecting with a trusted lender can give you clarity, confidence, and a realistic plan forward.
Homeownership may be more attainable than you think - you just need the right information to get started.