Lorraine Boogich/Getty Images

Ready for your new farmhouse or cozy cabin?

Perri Ormont Blumberg
May 17, 2018

If you've ever wondered "What credit score do I need to buy a home?" you're not alone. In fact, some 1,300 people a month google "credit score to buy a home."

Credit scores range from 300 to 850, and in a recent article, Apartment Therapy puts the magic number for buying a home around 680. It's a complicated topic, with a variety of caveats and nuances, but in general, "lenders consider anything above 680 to be good enough score to get a mortgage," according to Richard Redmond, vice president and broker of record at ACM Investor Services, Inc., in Larkspur, California.

"Again, mortgage rates tend to be tiered, so expect better rates with a score of 720 or 740. If your score is closer to 600, you can still get a private mortgage—but prepare to pay for it. You'll most likely need to go through a bank or broker that has a correspondent or wholesale relationship with many different banks, credit unions, and lenders, rather than your local community bank, Redmond says," explains the article's author Tim Latterner. "You'll also have to settle for an often higher-cost, fixed-rate mortgage rather than an adjustable rate."

WATCH: Ask Yourself These Questions Before You Buy A Home

Ready for your new farmhouse or cozy cabin? If you're looking to buy a new home, consult with your finanical professional for more information and details regarding your personal situation.