Can I Buy A House With A 704 Credit Score -

Do you have a stable two-year history in your field?

Are you planning to buy a home within the , or are you still in the early savings phase ? can i buy a house with a 704 credit score

How much of your monthly income goes toward paying off debts? Do you have a stable two-year history in your field

These are the standard in the industry. With a 704, you will likely qualify for competitive interest rates. While you won’t get the absolute lowest "teaser" rates reserved for perfect scores, your rate will still be significantly better than someone in the 600s. These are the standard in the industry

Backed by the Federal Housing Administration, these are popular for first-time buyers. While these loans accept scores as low as 580, a 704 makes the approval process incredibly smooth and may even help you secure a lower mortgage insurance premium.

The difference between a "Fair" score (640) and your "Good" score (704) can equate to tens of thousands of dollars over the life of a 30-year mortgage. Because your score is over the 700 threshold, lenders view you as a lower risk, which translates to a lower interest rate.