Having perfect credit is not a requirement for first time home buyers to take advantage of the many down payment assistance and first time hone buyer programs available, BUT having “good” credit is.
“Good” credit is not just about the score (but if you absolutely have to have a number you should target at least 640). Your credit and credit score are how a first time home loan lender evaluates your willingness to pay them back and the better your score the better your credit risk and the better interest rate you will get on your first time home buyer loan.
In a previous post we shared 5 tips to improve your credit score FAST!
If you need more help this series of videos will help you formulate a plan and give you the information to successfully carry it out.
Step 1 – Setting your Score Goal
Step 2 – Fighting the monster under the bed
Step 3 – Setting your action plan
Step 4 – Know your options
Step 5 – To dispute or not to dispute?
Step 6 – Getting the right credit mix
Step 7 – The best kept secrets to managing your credit score
