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). 

See Related Blog Post:

499 Properties Found. Showing 1-12
Sort By:
225 Begonia Place
Poinciana, FL 34759
225 Begonia Place Poinciana, FL 34759
 
$169,990
Subdivision: Poinciana Nbrhd 02 Village 8
BEDS
4
BATHS
2
SQ.FT.
1,400
BUILT
2019
ON SITE
48Days
MLS
O5761498
Under Construction. Completion date is May 2019. 1402-A NEW single-story home with 2-car garage! Inside is a spacious kitchen which looks out to the living room. The owner's suite features a private...
16 Orchid Court
Poinciana, FL 34759
16 Orchid Court Poinciana, FL 34759
 
$169,990
Subdivision: Poinciana Nbrhd 02 Village 8
BEDS
4
BATHS
2
SQ.FT.
1,400
BUILT
2019
ON SITE
48Days
MLS
O5762353
Under Construction. Under construction. Completion date is June 2019. 1402-A NEW single-story home with 2-car garage! Inside is a spacious kitchen which looks out to the living room. The owner's...
1 Redwood Court
Poinciana, FL 34759
1 Redwood Court Poinciana, FL 34759
 
$169,990
Subdivision: Poinciana Nbrhd 02 Village 8
BEDS
4
BATHS
2
SQ.FT.
1,400
BUILT
2019
ON SITE
48Days
MLS
O5762357
Under Construction. Completion date is June 2019. 1402-A NEW single-story home with 2-car garage! Inside is a spacious kitchen which looks out to the living room. The owner's suite features a private...
113 Tulip Lane
Poinciana, FL 34759
113 Tulip Lane Poinciana, FL 34759
 
$169,990
Subdivision: Poinciana Nbrhd 02 Village 8
BEDS
4
BATHS
2
SQ.FT.
1,400
BUILT
2019
ON SITE
44Days
MLS
O5763278
Under Construction. Completion date is May 2019. 1402-A NEW single-story home with 2-car garage! Inside is a spacious kitchen which looks out to the living room. The owner's suite features a private...
101 Pansy Lane
Poinciana, FL 34759
101 Pansy Lane Poinciana, FL 34759
 
$169,990
Subdivision: Poinciana Nbrhd 02 Village 08
BEDS
4
BATHS
2
SQ.FT.
1,400
BUILT
2019
ON SITE
23Days
MLS
O5767664
Under Construction. Completion date is May 2019. 1402-A NEW single-story home with 2-car garage! Inside is a spacious kitchen which looks out to the living room. The owner's suite features a private...
153 Flatfish Court
Poinciana, FL 34759
153 Flatfish Court Poinciana, FL 34759
 
$169,990
Subdivision: Poinciana Nbrhd 04 Village 07
BEDS
4
BATHS
2
SQ.FT.
1,400
BUILT
2019
ON SITE
23Days
MLS
O5767672
Under Construction. Completion date is May 2019. 1402-A NEW single-story home with 2-car garage! Inside is a spacious kitchen which looks out to the living room. The owner's suite features a private...
1454 Pacific Road
Poinciana, FL 34759
1454 Pacific Road Poinciana, FL 34759
1 of 2
$173,000 ( $13,700 )
Subdivision: Tuscany Preserve Ph 03
BEDS
3
BATHS
3
SQ.FT.
1,495
BUILT
2019
ON SITE
168Days
MLS
S5008080
PRE CONSTRUCTION TO BE BUILT: Check out this 1431 sq ft townhome with TWO full baths, and half bath in this gated resort style community. The townhome sits on a beautiful wooded nature lot, enjoy...
1466 Pacific Road
Poinciana, FL 34759
1466 Pacific Road Poinciana, FL 34759
1 of 2
$173,000 ( $13,700 )
Subdivision: Tuscany Preserve Ph 03
BEDS
3
BATHS
3
SQ.FT.
1,495
BUILT
2019
ON SITE
168Days
MLS
S5008107
PRE CONSTRUCTION TO BE BUILT: Check out this 1431 sq ft townhome with TWO full baths, and half bath in this gated resort style community. The townhome sits on a beautiful wooded nature lot, enjoy...
1470 Pacific Road
Poinciana, FL 34759
1470 Pacific Road Poinciana, FL 34759
1 of 2
$173,000 ( $13,700 )
Subdivision: Tuscany Preserve Ph 03
BEDS
3
BATHS
3
SQ.FT.
1,495
BUILT
2019
ON SITE
168Days
MLS
S5008108
PRE CONSTRUCTION TO BE BUILT: Check out this 1431 sq ft townhome with TWO full baths, and half bath in this gated resort style community. The townhome sits on a beautiful wooded nature lot, enjoy...
1608 Sail Lane
Poinciana, FL 34759
1608 Sail Lane Poinciana, FL 34759
 
$175,000
Subdivision: Poinciana Nbrhd 04 Village 07
BEDS
3
BATHS
2
SQ.FT.
1,250
BUILT
2019
ON SITE
27Days
MLS
O5766685
Under Construction. Dream home! Why buy an old home when you can buy new! It features 3 bedrooms and 2 full baths, open floor plan with ceramic title throughout, brand new stainless steel appliances,...
1710 Pilchard Drive
Poinciana, FL 34759
1710 Pilchard Drive Poinciana, FL 34759
 
$179,900
Subdivision: Poinciana Nbrhd 04 Village 07
BEDS
3
BATHS
2
SQ.FT.
1,273
BUILT
2019
ON SITE
19Days
MLS
O5768832
Pre-Construction. To be built. Preconstruction - Brand new builder owned 3/2 split planned spec home with estimated 6 month completion date from contract. Terrific plan featuring large great room,...
122 Tulip Lane
Poinciana, FL 34759
122 Tulip Lane Poinciana, FL 34759
 
$179,990 ( $2,000 )
Subdivision: Poinciana Nbrhd 02 Village 08
BEDS
3
BATHS
3
SQ.FT.
1,600
BUILT
2019
ON SITE
91Days
MLS
O5753561
Under Construction. Under construction.Completion date is May 2019. 1602-A NEW 2 story garage home! The main floor features a great room that connects to the dining area and kitchen. Also, on the...

Post a Comment