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
The Fed Meets This Week. Here's Why It Probably Won't Change Your Mortgage Rate Either Way
A New Executive Order Targets Housing Affordability. Here's What It Actually Does
Mortgage Rates Are Holding Near a Month Low. Here's Why That's Actually Good News
Congress Keeps Floating "Portable" Mortgages. Here's Why It's Not That Simple
Mortgage Rates Ticked Back Up Today. Here's Why That's Not Really the Story
Buyers Have More Leverage Right Now. They Also Have $22,000 Less Buying Power.
Waiting Until Spring to Sell Your Wylie Home? Start Preparing This Fall
Sellers Are Cutting Prices at the Highest Rate in Years. Here's Why That's Not the Whole Story
Mortgage Rates Just Hit 7.50%, the Highest Since April 2024
8 Ways the Fall Housing Market Could Work in Your Favor
