Posts Tagged ‘credit score’

What Credit Score Do You Need To Buy A House

Wednesday, April 3rd, 2019

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is […]

Boomerang Buyers: Most Qualify for Financing in 2-3 Years

Wednesday, April 11th, 2018

According to a new study from Lending Tree, Americans who have filed for bankruptcy (boomerang buyers) may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years. This is in stark contrast to the belief that many have that they need to wait 7-10 years for their […]

The Mortgage Process: What You Need to Know

Tuesday, February 27th, 2018

What you need to know about the mortgage process: What you need to qualify: Down Payment: Generally between 5-20% of the purchase price (many buyers are putting down 10% or less, with some putting down as little as 3%) Income Verification, Credit History & Asset Documentation Impartial Third-Party Appraisal of the property. Your lender needs […]

Thinking About Buying? Know Your Credit Score

Friday, November 3rd, 2017

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your […]

Buying a Home? Do You Know the Lingo?

Wednesday, May 24th, 2017

Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms (or Real Estate Lingo) used when buying a home. Freddie Mac has compiled a more exhaustive glossary […]

Are Mortgage Standards Easing Too Much?

Wednesday, October 19th, 2016

There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis. Let’s put everything into the proper perspective. Mortgage Credit Availability Over […]

Millennials: What FICO Score is Needed to Buy a Home?

Wednesday, December 23rd, 2015

In a recent article by the Wharton School of Business at the University of Pennsylvania, it was revealed that some Millennials are not looking to purchase a home simply because they don’t believe they can qualify for a mortgage. The article quoted Jessica Lautz, the National Association of Realtors’ Managing Director of Survey Research, as saying […]



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