What Homebuyers Need To Know About Credit Scores

What Homebuyers Need To Know About Credit Scores
December 13, 2024

What Homebuyers Need To Know About Credit Scores

What Homebuyers Need To Know About Credit Scores Simplifying The Market

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Some Highlights

  • Data shows 7 out of 10 prospective homebuyers don’t know the minimum credit score required by lenders or that it varies by lender and loan type.
  • According to Experian, the range is anywhere from 500 to 700 for the minimum credit score. That means you don’t need perfect credit to buy a home. 
  • Your credit score is important – but that doesn’t mean it needs to be perfect. Work with a lender to learn more about home loan options that may work for you.

Peace of Mind

Having a HELOC gives you peace of mind and security for all of life’s unexpected events.

Retirement

Access Cash without selling your home. If your retirement income isn’t enough to cover your expenses, you can use a HELOC to supplement it. This can be especially helpful if you have unexpected expenses or to cover the cost of long-term care.

Fund Your Business

The commercial and business credit market is tightening. Our HELOC can be used to fund your business for payroll, expansion, and capital improvements, and more.

Pay Education Expenses

With home equity at an all-time high our HELOC options could be a great lower rate alternative to costly student loans.

Home Improvement

Nothing adds value to a home more than upgrades, additions, and improvements. Rest assured with a fixed amortizing monthly payment in terms of 5, 10, 15, 20, 25 and 30 year terms.

Payoff High Interest Debt

Re-Ignite your cashflow and free yourself from high interest installment and revolving debt into one lower amortizing monthly payment.

Payoff High Interest Debt

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