Credit Score

Categories: Financing Home Buyers

Credit ScoreA number ranging from 300-850 that’s based on an analysis of your credit history.

Your credit score helps lenders determine the likelihood you’ll repay future debts.

You’ll need a score of 620 or better, but you’ll get better financing rates with a score of 720 or higher.

 

Tags: Homebuyer Terms, Mortgage, Real Estate Terms

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