What is the minimum credit score for a home loan in Australia?

Typically, if you have a credit score of 640 and below, you would have a difficult time obtaining a bank home loan, If below 640 you would need to use a lender that does not credit score so best to consult an experienced Mortgage Broker.

The minimum credit score for a home loan in Australia varies depending on the lender and the type of loan you are applying for. Generally, lenders will look for a credit score of at least 600, but some may require a higher score. Your credit score is an important factor in determining the interest rate you will be offered, so it is important to make sure your credit score is as high as possible. It is also important to make sure you have a good savings history, as this can help to demonstrate to lenders that you are a responsible borrower. Additionally, having a steady income and a good debt-to-income ratio can help you to qualify for a home loan. If you are looking for the best home loan interest rates, it is important to compare different lenders and find the one that offers the best deal for your situation. You can check out https://goodrate.com.au/home-loan to see current interest rate offers.