What Homebuyers Need To Know About Credit Scores
What Homebuyers Need To Know About Credit Scores
Did you know that 7 out of 10 prospective homebuyers aren’t aware of the minimum credit score required by lenders? Many don’t realize that this requirement can vary depending on the lender and the type of loan. According to Experian, minimum credit scores can range anywhere from 500 to 700, which means you don’t need a perfect credit score to buy a home. While your credit score is an important factor, it doesn’t have to be flawless.
Partnering with a lender can help you explore home loan options that suit your financial situation and bring you closer to owning a home.
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