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Can you buy a home with a 650 credit score?

You can buy a home with a 650 credit score. Many lenders have multiple types of loans that serve these borrowers. What is the interest rate on a mortgage with a 650 credit score?

What is the average home loan interest rate with a 650 credit score?

The average consumer seeking a home loan with a 650 credit score ended up with a 7.45% interest rate in February. Interest rates normally fluctuate, but in the current market, rates have become more volatile. You can’t control the market rate, but there are some things you have more control over.

Is 650 a good credit score?

A 650 is on the high end of the fair credit score category, which ranges from 580 to 669. A 650 credit score will help you qualify for most home loans, but you may end up with a higher interest rate. What is the average mortgage interest rate with a 650 credit score?

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