Why climate risk could affect your credit score for buying a home

[Lee Cruz]

Climate change should be considered a new core aspect of creditworthiness when prospective home buyers apply for a mortgage, a new report suggests.

The analysis from the climate risk financial modeling firm First Street is a groundbreaking nationwide look at the ties between the growing risks from extreme weather such as floods and wildfires, and a long-suspected spike in mortgage defaults in hard-hit areas...

https://www.cnn.com/2025/05/19/climate/flooding-credit-homeowners-insurance