Buying a Minnesota house for sale before you know your credit score?
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Buying a Minnesota house for sale before you know your credit score?

You are excited to start searching Minnesota houses online and look at some cool photos and see the inside of some bathrooms and kitchens, but before you get too far ahead of yourself you aren’t even sure what your credit score is.

Does it matter?

It does matter a lot on your timeline and can affect how much you need as a down payment. As a general rule with VA loans under a 500 score can even get pre-approved almost anyone reading this has a 500+ credit score.

A USDA is great at 100% if you don’t have much upfront, but they like to see a 580+ credit score and no collections, so that’s where knowing your credit history helps.

FHA also likes to see a 580+ credit score and as your score moves up to 650+ there may even be programs available with less money down.

Also if you have checked your consumer credit score or credit karma it may give you a ballpark. If you haven’t monitored your credit online in awhile that could help to know of errors.

When you reach out on live chat on messenger in the Facebook group we can ask some questions and try to understand the full picture before someone pulls your credit or you check it yourself. You don’t need to know your credit score upfront.

Many people can qualify that don’t even realize can, you just have to reach out and ask about the timelines and how the process works.

Talk to you soon,

Ron

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