Relationship between Credit Score and the Home Purchase

Whether you are just buying your first home or are a seasoned investor looking to purchase your 20th investment, your credit score is crucial. This plays an important role in helping you to qualify for the amount of money that you want and need. By keeping up with your credit score, and understanding how it will tie into your investment, you can be sure to benefit from the points that you have.

Before you get involved in a loan, you will want to check your credit score in order to make sure that you will have the ability to get the loan you want. There are three major companies that rate your credit score, giving you points for good credit and how your history has related to the credit that you have. The companies that you can get your credit score from are Equifax, Experian, and Transunion.

Credit scores will affect the loan you get because it helps you to be pre-approved for a loan. Lender companies will be more willing to work with you if you have a higher score. They will also have the ability to give you a higher amount of money. This usually means that you are responsible with keeping up with your payments, have a good history, and how you have handled things such as overdue payments. For some, this is the only way that loans will be approved. For others, other factors will be considered, such as financial stability, your income and job status. Before even beginning the process of finding real estate, you should make sure that these are in the right place.

Understanding the various elements of your credit score can help you to save money, time and to get approved for the loan that you want. Simply adding it all together will be the place that you want to start in order to build your credibility.

See the (intended to be) funny info-graph below where it shows how the credit score and buying a home are matched together in a somewhat complicated relationship (especially for lows credit scores). 

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150 Properties Found. Showing 1-12
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251 Maine Street #773
Ocoee, FL 34761
251 Maine Street #773 Ocoee, FL 34761
1 of 22
$206,000
Subdivision: City Center At 29 Palms
BEDS
1
BATHS
1
SQ.FT.
673
BUILT
2019
ON SITE
96Days
MLS
O5737740
"Pre-Construction. To be Built" The 29 Palms at City Center is a half a billion dollar master planned mixed-use project with Luxurious Residential Condominiums offering spacious 1,2 & 3 bedroom units...
113 Briarcliff Court
Kissimmee, FL 34758
113 Briarcliff Court Kissimmee, FL 34758
1 of 16
$214,000
Subdivision: Poinciana
BEDS
4
BATHS
2
SQ.FT.
1,647
BUILT
2019
ON SITE
25Days
MLS
O5753510
Under construction!!! New construction!!!! Custom home. Model:ANCHORAGE home is 1647 sf of living. Open floor plan, Vaulted ceilings, 9"4'ft in all Bedrooms, 4 bedrooms, 2 bath, 2 car garage. Tile...
1850 Shumard Avenue
Saint Cloud, FL 34771
1850 Shumard Avenue Saint Cloud, FL 34771
1 of 14
$219,990 ( $1,000 )
Subdivision: Oaktree Pointe
BEDS
3
BATHS
2
SQ.FT.
1,658
BUILT
2019
ON SITE
74Days
MLS
O5745380
Under Construction. To be built. Carriage Homes at Oaktree Pointe... built for convenience and affordability. Enjoy the feel of a single family home without the maintenance. Low HOA fees, no CDD fees....
1817 Shumard Avenue
Saint Cloud, FL 34771
1817 Shumard Avenue Saint Cloud, FL 34771
1 of 17
$220,490 ( $1,000 )
Subdivision: Oaktree Pointe
BEDS
3
BATHS
2
SQ.FT.
1,450
BUILT
2019
ON SITE
130Days
MLS
O5733477
Under Construction. To be built. Carriage Homes at Oaktree Pointe... built for convenience and affordability. Enjoy the feel of a single family home without the maintenance. Low HOA fees, no CDD fees....
4256 Desert Rose Avenue
Kissimmee, FL 34746
4256 Desert Rose Avenue Kissimmee, FL 34746
 
$227,900
Subdivision: Sedona
BEDS
3
BATHS
2
SQ.FT.
1,194
BUILT
2019
ON SITE
5Days
MLS
O5756991
Under Construction. Brand new builder owned 3/2 spec home with expected completion date of February 2019. CBS construction with full builder warranties. Terrific plan featuring large great room,...
2291 Crescent Moon Street
Kissimmee, FL 34746
2291 Crescent Moon Street Kissimmee, FL 34746
 
$231,040
Subdivision: Sedona Ph 1
BEDS
3
BATHS
2
SQ.FT.
1,391
BUILT
2019
ON SITE
4Days
MLS
O5757513
Under Construction. Under Construction - Brand new builder owned 3/2 spec home with estimated completion date of March 2019. CBS construction with full builder warranties. Terrific plan featuring eat...
322 Corsica Court
Kissimmee, FL 34758
322 Corsica Court Kissimmee, FL 34758
1 of 17
$239,000
Subdivision: Poinciana Village 01 Neighborhood 02
BEDS
4
BATHS
3
SQ.FT.
1,877
BUILT
2019
ON SITE
62Days
MLS
S5010006
UNDER CONSTRUCTION!!!! Another great home brought to you by EP Builders. If you are looking for a beautiful house with numerous upgrades without breaking the bank, you have just found your future...
1861 Cayman Cove Circle
Saint Cloud, FL 34772
1861 Cayman Cove Circle Saint Cloud, FL 34772
1 of 4
$239,350 ( $9,000 )
Subdivision: Eagle Meadow
BEDS
3
BATHS
2
SQ.FT.
1,447
BUILT
2019
ON SITE
31Days
MLS
O5753086
Under Construction. BRAND NEW Home - Ready to move into this February! Walk into this single story home through the gorgeous 8' front door with decorative glass insert and 9'4" ceilings. Travel...
4957 E Castle Street
Kissimmee, FL 34758
4957 E Castle Street Kissimmee, FL 34758
1 of 11
$239,500
Subdivision: Trafalgar Village Ph 03
BEDS
4
BATHS
2
SQ.FT.
1,898
BUILT
2019
ON SITE
29Days
MLS
O5753368
Under Construction. UNDER CONSTRUCTION *** BRAND NEW ---- 4 Bed 2 Bath, Perfect to live or for family vacations, and/or investment purposes this lovely, well designed house comes to meet all your...
110 Dundee Lane
Kissimmee, FL 34758
110 Dundee Lane Kissimmee, FL 34758
1 of 16
$242,000
Subdivision: Poinciana Village 02 Neighborhood 01
BEDS
4
BATHS
3
SQ.FT.
1,877
BUILT
2019
ON SITE
62Days
MLS
S5010009
UNDER CONSTRUCTION!!!! Another great home brought to you by EP Builders in very popular Poinciana subdivision with tons of new amenities. If you are looking for a beautiful house with numerous...
111 Dulverton Way
Kissimmee, FL 34758
111 Dulverton Way Kissimmee, FL 34758
1 of 17
$244,000
Subdivision: Poinciana Village 02 Neighborhood 01
BEDS
4
BATHS
3
SQ.FT.
1,877
BUILT
2019
ON SITE
62Days
MLS
S5010007
UNDER CONSTRUCTION!!!! Another great home brought to you by EP Builders in very popular Poinciana subdivision with tons of new amenities. If you are looking for a beautiful house with numerous...
251 Maine Street #980
Ocoee, FL 34761
251 Maine Street #980 Ocoee, FL 34761
1 of 18
$245,000
Subdivision: City Center At 29 Palms
BEDS
1
BATHS
1
SQ.FT.
693
BUILT
2019
ON SITE
72Days
MLS
O5742557
"Pre-Construction. To be Built" The 29 Palms at City Center is a half a billion dollar master planned mixed-use project with Luxurious Residential Condominiums offering spacious 1,2 & 3 bedroom units...

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