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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1301 Properties Found. Showing 1-12
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2828 Woodstock Avenue
Lakeland, FL 33803
2828 Woodstock Avenue Lakeland, FL 33803
 
$149,900
Subdivision: Maxwells C M Sub
BEDS
3
BATHS
2
SQ.FT.
1,240
BUILT
2018
ON SITE
210Days
MLS
T2930669
Pre construction. To be Built. Check out this brand new construction super cute, two bath bungalow home to be built. Located on a larger lot, almost a quarter acre! This home features a cute front...
2813 Eaton Avenue
Lakeland, FL 33803
2813 Eaton Avenue Lakeland, FL 33803
1 of 9
$149,900
Subdivision: Maxwells C M Sub
BEDS
3
BATHS
2
SQ.FT.
1,240
BUILT
2018
ON SITE
50Days
MLS
T3122394
Under Construction. To be built. Check out this brand new, under construction, super cute, Three bedroom, two bath home to be built. Located on a larger lot. This home features a cute front porch...
514 Blackbird Lane
Poinciana, FL 34759
514 Blackbird Lane Poinciana, FL 34759
1 of 16
$159,900 ( $5,000 )
Subdivision: Poinciana Nbrhd 05 North Village 03
BEDS
3
BATHS
2
SQ.FT.
1,375
BUILT
2018
ON SITE
497Days
MLS
S4846091
PRICE IS PER UNIT. *** MUST BE SOLD TOGETHER*** .EXCELLENT INVESTMENT OR PRIMARY HOME OPPORTUNITY. Granite counters and vanities tops. Tile floors throughout. Appliances: Range, dishwasher,...
820 Sunset Avenue
Bartow, FL 33830
820 Sunset Avenue Bartow, FL 33830
 
$165,000
Subdivision: Prestons W S Add
BEDS
3
BATHS
2
SQ.FT.
1,178
BUILT
2018
ON SITE
65Days
MLS
T3118747
PRE-CONSTRUCTION TO BE BUILT! Your FULLY customisable home on a nearly quarter acre lot in the Beautiful City of Bartow will be built with everything you could want. It begins with a tastefully...
3036 Caneel Street
Winter Haven, FL 33884
3036 Caneel Street Winter Haven, FL 33884
1 of 29
$165,150
Subdivision: Traditions Villas
BEDS
2
BATHS
2
SQ.FT.
1,400
BUILT
2018
ON SITE
44Days
MLS
T3123524
"Under Construction". Heritage Hills is an age restricted over 55 community. This villa home features 2 bedrooms, 2 bathrooms, and a Flex room. The Flex Room location will enable you to conveniently...
3032 Caneel Street
Winter Haven, FL 33884
3032 Caneel Street Winter Haven, FL 33884
1 of 33
$165,150
Subdivision: Traditions Villas
BEDS
2
BATHS
2
SQ.FT.
1,400
BUILT
2018
ON SITE
38Days
MLS
T3124655
"Under Construction". Heritage Hills is an age restricted over 55 community. This villa home features 2 bedrooms, 2 bathrooms, and a Flex room. The Flex Room location will enable you to conveniently...
1663 Redfin Drive
Poinciana, FL 34759
1663 Redfin Drive Poinciana, FL 34759
1 of 3
$166,990 ( $12,000 )
Subdivision: Poinciana Nbrhd 04 Village 07
BEDS
3
BATHS
3
SQ.FT.
1,437
BUILT
2018
ON SITE
254Days
MLS
C7247598
Under Construction. We are the low-price leader of new construction homes. We offer such a low price that we do not negotiate. The estimated completion date of the home that you are viewing is listed...
3012 Caneel Street
Winter Haven, FL 33884
3012 Caneel Street Winter Haven, FL 33884
1 of 29
$167,505
Subdivision: Traditions Villas
BEDS
2
BATHS
2
SQ.FT.
1,400
BUILT
2018
ON SITE
10Days
MLS
T3129823
"Under Construction". Heritage Hills is an age restricted over 55 community. This villa home features 2 bedrooms, 2 bathrooms, and a Flex room. The Flex Room location will enable you to conveniently...
25136 Huckleberry Way #113
Astatula, FL 34705
25136 Huckleberry Way #113 Astatula, FL 34705
1 of 11
$169,900 ( $10,000 )
Subdivision: Meadows
BEDS
2
BATHS
2
SQ.FT.
1,248
BUILT
2018
ON SITE
243Days
MLS
G4851922
Preconstruction to be built. OWN YOUR HOME AND LAND! Don't miss out on this beautiful ScotBilt charmer! This home has an open floor plan, 2 bedrooms, 2 baths and a den with a full front porch,...
609 NE 11Th
Mulberry, FL 33860
609 NE 11Th Mulberry, FL 33860
1 of 3
$169,900
Subdivision: Vc Add
BEDS
3
BATHS
2
SQ.FT.
1,350
BUILT
2018
ON SITE
83Days
MLS
P4901289
PRE-CONSTRUCTION. To be built- Pick your colors. Brand new Energy Star Certified home 3 bedroom 2 bathroom Oversize one car garage, . This home has LED lighting throughout, ceiling fans in all rooms,...
TBD 207 Big Sioux Drive
Poinciana, FL 34759
TBD 207 Big Sioux Drive Poinciana, FL 34759
1 of 2
$171,490
Subdivision: Poinciana Nbrhd 06 Village 07
BEDS
4
BATHS
2
SQ.FT.
1,400
BUILT
2018
ON SITE
30Days
MLS
C7404679
Under construction. We are the low-price leader of new construction homes. We offer such a low price that we do not negotiate. The estimated completion date of the home that you are viewing is listed...
1030 S Irving Avenue
Bartow, FL 33830
1030 S Irving Avenue Bartow, FL 33830
1 of 4
$173,000
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
1,183
BUILT
2018
ON SITE
59Days
MLS
L4902138
UNDER CONSTRUCTION! BRAND NEW HOME!! NO HOA! NO BUILDER FEES or DEVELOPER APPLICATIONS! This New home will feature a split bedroom floor plan with an open concept living area! Other Features include...

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