What Homebuyers Need To Know About Credit Scores
What Homebuyers Need To Know About Credit Scores
Data reveals that 7 out of 10 prospective homebuyers are unaware of the minimum credit score lenders require or that it varies depending on the lender and loan type. Experian notes that minimum credit scores range from 500 to 700. This means you don’t need a perfect credit score to purchase a home. While your credit score matters, perfection isn’t necessary.
Consult with a lender to explore home loan options that could suit your situation.
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