Most potential homeowners think that in order to purchase property they need an excellent credit score—generally considered a FICO score of 750 or higher. But the truth is, “just average” credit can be enough to get you into the house of your dreams.
According to theMarch 2018 Origination Insight Reportfrom Ellie Mae, the average FICO scores for approved loans are 722. This number is slightly higher for conventional loans (at 752) and slightly lower for FHA loans (at 677).
You don’t need perfect credit to get a mortgage! If your credit is hovering somewhere in the “just average” range, you can secure the funding you need to buy a home, especially if you’re open to exploring non-traditional options.
Author:Michelle Fish Phone: 919-721-1434 Dated: October 23rd 2018 Views: 380 About Michelle: ...
Grow Local Realty is a full service Raleigh NC Real Estate Company servicing Raleigh, Durham, Cary, Apex, Holly Springs, Clayton, Fuquay Varina, Garner, Wake Forest, Chapel Hill and all other Triangle areas including all of Wake County, Johnston County, Durham County, Orange County, Chatham County and Harnett County. We are dedicated to extraordinary customer service and are here to represent you with your next home purchase or the sale of your current home. Allow one our fantastic agents to assist you with your Raleigh NC Real Estate search.
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"Michael is the best! You couldn't find a better realtor, highly recommended, He will answer any question, any hour of the day, no matter what. Will laugh along with you, very personable! And doesn't candy-coat anything, tells it like it is. As if he is buying the house, will look at everything, not just stand around waiting for you to look, then leave. We cant say enough!!! "