How bad is a 647 FICO score?

Our apartment lease is almost done and house prices are really good in my area. I need to know if my credit score is good enough to get into a new home.


As long as your credit score is above 620, you should be able to find a lender that will offer you a loan, however, you will not get the best interest rate and you will probably have to put down a significant chunk of change.
An FHA loan will take you with a credit score of 620 and currently their interest rates are great. In PA they are less than 6%. You must however put down 15% and pay closing costs.


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