What Homebuyers Need To Know About Credit Scores
Some Highlights
- Data shows 7 out of 10 prospective homebuyers don’t know the minimum credit score required by lenders or that it varies by lender and loan type.
- According to Experian, the range is anywhere from 500 to 700 for the minimum credit score. That means you don’t need perfect credit to buy a home.
- Your credit score is important – but that doesn’t mean it needs to be perfect. Work with a lender to learn more about home loan options that may work for you.
Categories
Recent Posts
You May Have Enough Equity To Downsize and Buy Your Next House in Cash
Your House Didn’t Sell. Here’s What To Do Now.
Is Inventory Getting Back To Normal?
The Five-Year Rule for Home Price Perspective
Buying Your First Home? FHA Loans Can Help
The Big Difference Between a Homeowner’s and a Renter’s Net Worth
The Rooms That Matter Most When You Sell
Understanding Today’s Mortgage Rates: Is 3% Coming Back?
Why Buying Real Estate Is Still the Best Long-Term Investment
Newly Built Homes May Be Less Expensive Than You Think