Do I Need a Good Credit Rating to Get a Mortgage?
Updated 21 days ago (March 6, 2026)
A good credit rating is helpful for finding a mortgage, but it is not a must. Generally speaking, a bad credit rating will not exclude potential borrowers from the loan market. It is possible to get a mortgage with a lower credit score, but your options will be limited and you will most likely have to pay higher interest rates or additional fees.
A good credit score will speed up your loan approval process, give you more mortgage options, and help determine your interest rate. If possible, you should try to build up good credit and then take out a mortgage loan. However, if you have recovering credit and want to purchase a home, it is still possible to obtain a mortgage.
Financial Disclaimer: Tellus provides this content for informational purposes only. This is not financial advice. Financial returns and mortgage terms vary based on individual circumstances and market conditions. Consult a qualified financial advisor before making financial or borrowing decisions.