Mortgage lenders are getting stricter, but you still don't need a perfect 850 credit score.
"Covid-19 didn't necessarily make it more difficult to approve a loan, however, it did increase the amount of paperwork," says Gage.
You'll likely need to re-verify your employment several times when you're applying for a mortgage during coronavirus. But while employment is non-negotiable right now, you can still probably get a mortgage with a fair or average credit score. To qualify for the best mortgage interest rates, however, you'll want to work on improving your credit score as much as you can and save for a sizable down payment.
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