What Homebuyers Need To Know About Credit Scores

December 13, 2024
Eric Newman
Buying Tips, First-Time Buyers, For Buyers, Infographics

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.

Eric Newman

The Truth About Down Payments
There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
Struggling To Sell Your House? Read This.
When you sell your house, ideally, you want it to go something like this: your house sells for top dollar, you get it sold quickly, and it all goes down without a hitch.
The Biggest Perks of Buying a Home This Winter
Waiting for perfect market conditions often means missing out.
More Starter Homes Are Hitting the Market
More entry-level homes – also known as starter homes – are popping up on the market.
Only an Expert Agent Can Give You an Accurate Value of Your Home
In today’s digital age, it’s tempting to rely on automated tools for everything — including figuring out how much your house is worth.
What Homebuyers Need To Know About Credit Scores
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.
The Top 2 Reasons To Look at Newly Built Homes
When planning a move, a newly built home might not be the first thing that comes to mind.
Why Moving to a More Affordable Area Makes Sense
Moving to a more affordable area could be the fresh start you need to get ahead financially.
What Will It Take for Prices To Come Down?
You may be wondering if home prices are going to crash.
Why More Sellers Are Hiring Real Estate Agents
Putting your house for sale on your own – often called “For Sale by Owner” or FSBO – might be on your mind.

Some Highlights

Eric Newman

Related Posts