What You Need - Before Buying A House

Your credit score is a major factor in determining your interest rate and loan eligibility.

: While 20% is the gold standard to avoid Private Mortgage Insurance (PMI) , many loan programs allow for much less. Conventional loans : As low as 3% for first-time buyers. FHA loans : Require as little as 3.5% down. what you need before buying a house

: May offer 0% down options for qualifying buyers. Your credit score is a major factor in

: Expect to pay an additional 2% to 5% of the home's price at the time of purchase for lender fees, appraisals, and title insurance. and title insurance.