Do I Need Perfect Credit to Buy a Home?
The short answer is no. You don’t have to have perfect credit to buy a home, but you do need good credit. In May, the average FICO score for a conventional mortgage loan was 757. The average FICO score for an FHA loan was 688, so there is some flexibility there. Need a little help boosting your score before you buy a home? Check out “7 Tips for Improving Your Credit Score.”