A good credit score is an excellent asset when you are in the market for a new home. It's one of the first things a lender or mortgage broker will look at and will play a big part in determining what loan amount and interest rate you qualify for.
Does this mean you need a 700 or higher FICO before you buy a home?
Not necessarily, but for the most part, the higher your credit score, the better loan you will be able to secure.
What defines a good or bad credit score?
All three major credit reporting agencies grade your credit history from 350-850. The ranges for what's good and bad are as follows: