Of course, the higher your credit score, the more solid your credit history, and the larger your down payment, the better. But you may be surprised by the deals that you can get, including down payments as low as 10%!
We recommend a minimum credit score of 640. It’s good to have several years of credit history, including credit cards and a previous installment loan or mortgage. It’s helpful to have a strong payment history with few or no delinquencies.