December 2024

What Homebuyers Need To Know About Credit Scores

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.
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.

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