Following the tighter credit restrictions after the 2008 financial crisis, 2017 saw a slight loosening of credit standards. However, the average credit score for closed mortgages remained high, often averaging above , as lenders remained cautious and prioritized "prime" borrowers. credit score to buy a house 2017

: Applicants with a score of 640 or higher often benefit from automated underwriting, while those below may face stricter manual review. Why the Score Matters Following the tighter credit restrictions after the 2008

Your credit score doesn't just determine if you can get a loan; it determines how much that loan will cost you over 30 years. often averaging above