Setting a score goal is the first step in your plan to get your credit score to an "acceptable" level for not just your first time home buyer loan, but for the financial freedom having a strong credit score brings.
"Acceptable" is determined by the first time home buyer loan/down payment assistance program you and your family will be using. There isn't a hard and fast number that applies to all programs (in fact some don't have a minimum score) but you should shoot for a minimum of 640.
Check out this video from Linda Ferrari, a national credit score expert. It's Step 1 on the path to a better credit score and then to homeownership.
Click here for more information on first time home buyer credit
Buying your first home is not an event but more like a road trip and you need the right "road map" to help you and your family get your piece of the American Dream
No comments:
Post a Comment