One of the first questions people ask me: “Do I have to have perfect credit to buy a house?”
Absolutely not.
Here’s a simple guide to credit scores:
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620 and up – You’re likely good for a conventional loan.
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580 and up – You could qualify for an FHA loan.
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Below 580 – You’ll need to work on credit, but I have a team that can help you do that.
And guess what? You don’t need an 800 credit score. Lenders just want to see that you’re responsible with your bills. That means paying things on time, not maxing out your cards, and showing some consistency.
Here’s a tip: pull your free credit report at annualcreditreport.com. It won’t hurt your score, and you can check for any errors.
Also, if you want to see the most accurate scores lenders use, try myFICO.com. Their Advanced Plan gives you access to your FICO Scores from all three credit bureaus—these are the same scores most mortgage lenders look at.
If your score isn’t where you want it, let’s make a plan. I can connect you with a credit expert and walk you through what steps to take.
