What Homebuyers Need To Know About Credit Scores
KCM Crew • December 13, 2024
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.
At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.”
Let’s talk about something you might not check nearly as often as your bank account – and that’s how much your home is worth.
Have you seen where mortgage rates have been lately?
