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What’s Your Credit Score?

It sounds like a simple question, right? Yet for many homebuyers—even those with strong credit—it can feel intimidating. Why is that?

One reason is that most people don’t regularly monitor their credit scores. Another is that over 80% of consumers aren’t sure what credit score is actually needed to qualify for a mortgage. Too often, they rely on advice from friends or family who have never written an offer to purchase or signed a mortgage contract—advice that takes a “one size fits all” approach.

The truth is, there is no one-size-fits-all path to homeownership. Every buyer’s situation is unique, which is why I focus on transparency and education. By understanding your credit and exploring your options, you can make confident decisions on your journey to owning a home..

* That being said, did you know the Federal Housing Administration or FHA as most people know it as, will allow a buyer to purchase a home with a 500-credit score?

Your Credit, & A Horror Movie aren't the same thing!

There're three credit bureaus used to qualify a potential home buyer for a home loan, and they are Eqifax, Experian, and Transunion. If each bureau assigns a credit score to your profile, what score is used to purchase a home?

Here is a Myth Buster for you.

Your Credit Scores 590, 500, 580

If you said 580 that would be correct, because your mid score is used to qualify you for a home loan, in this scenario, you'll qualify for an FHA home loan with a lower down payment of 3.5% instead of 10% because it meets the 580 3.5% down minimum score.

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Need to build or rebuild your credit? a secured credit card is the way to go. (What is a Secured Credit card ?)