U.S. Mortgage Index

How does my credit score affect getting a mortgage or the rate I pay?

Short answer

Your credit score and credit-report information affect whether you can get a mortgage and the rate you are offered. Higher scores generally reflect a stronger credit history and can make lower rates available. The score is only one part of the lender's decision, and there is no single required number in the frozen sources.

Full explanation

The CFPB says your and the information on your credit report help determine whether you can get a mortgage and what rate you pay. The score is calculated from the report. Higher scores reflect a stronger credit history and can make you eligible for lower interest rates.

People have more than one score. The CFPB says mortgage lenders most often use FICO figures, pull all three nationwide bureaus (Equifax, Experian, TransUnion), and price from the middle result. Errors on a report can lower a score and lead to a higher rate, so it is important to check the report and correct errors well before you apply.

The score is only one component. Other factors the CFPB lists include the credit report, history with that lender, existing debt, savings, total assets, and current income. Applying for many new accounts in a short time, especially before a mortgage, may lower a score. Checking your own report should not.

The frozen sources do not establish a universal minimum score. Program and lender standards vary, so a score that works for one offer may not work for another.

Sources reviewed

Last reviewed

September 9, 2026