What Credit Score Do You Really Need to Buy a Home?

If you’re thinking about buying a home, you’ve probably heard that your credit score plays a big role in the process. But here’s the truth—you don’t need perfect credit to buy a home!

In fact, a surprising two-thirds of buyers overestimate the credit score required to qualify for a mortgage. The reality? There’s no universal credit score cutoff. Every lender has different criteria and looks beyond just your score when making loan decisions.

3 Simple Ways to Improve Your Credit Score Before Buying

If your score isn’t where you’d like it to be, don’t worry! A few key steps can help boost your credit and get you mortgage-ready:

• Pay Your Bills on Time – On-time payments make up 35% of your credit score, so set up automatic payments or reminders.
• Pay Down Debt – Lowering your credit card balances improves your credit utilization ratio, which is a major factor in your score.
• Hold Off on New Credit – Avoid opening new credit cards or taking out loans before buying a home to prevent unnecessary dips in your score.

Take the First Step Toward Homeownership

Your credit score is just one piece of the puzzle. The best way to know your options? Call us so we can connect you to a trusted lender that best fits your specific needs and situation and we will guide you every step of the way.

Ready to see where you stand? Contact us today to get started or call Cristina at 612-812-9262!