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:Brian Hargrove Phone: 919-830-5233 Dated: October 23rd 2018 Views: 435 About Brian: ...
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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.
" My name is Dee. Laura helped us find our new home in one of our favorite neighborhoods. She REALLY went over and beyond for us with negotiations. She was able to have all of our demands met plus more. She made us comfortable with the whole home-buying process. She answered any questions no matter how many times we asked them (sometimes the same question). She would explain everything to us in a way that we could understand. Just out generosity she found us discounts on services that we could use like the inspection. Even once we closed on our house she still would check in on us to see if we needed anything."