💰Save Thousands on Your Mortgage

Your credit score plays a bigger role in home financing than you might think. It’s not just about getting approved for a mortgage—it also determines your interest rate, monthly payments, and how much home you can afford.

Here’s a quick breakdown of what you need to know:

• Higher Scores = Better Deals: A score of 750+ can unlock the best rates and terms, while scores below 650 might mean higher costs or limited options.
• Loan Type Requirements: Conventional loans usually need a 620+ score. FHA, VA, and USDA loans may approve lower scores, but there are trade-offs.
• Interest Rates Matter: Even a 1% rate difference can add up to tens of thousands of dollars in interest over 30 years.

Want to boost your credit score before applying for a mortgage?

• Pay down existing debts to lower your credit utilization.
• Dispute errors on your credit report.
• Make on-time payments consistently.
• Avoid opening new credit accounts right before applying.

Remember, you don’t need a perfect score to buy a home—but improving yours can save you thousands.

Ready to take the next step? Start by monitoring your score with free tools like AnnualCreditReport.com and compare mortgage rates for free here.

Your dream home is within reach. A better credit score can help you get there faster. Take our free quiz here to learn how.

VIDEOS YOU MAY HAVE MISSED THIS WEEK

Here are the top videos you loved the most this week. Which one was your favorite?

Milan Singh may earn affiliate commissions from the links mentioned. All recommendations and opinions are Milan’s own. This may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.