?What Credit Score is Needed to Buy a Home in Maryland ?

First of all, you might be wondering which credit score mortgage lenders use?

• Equifax?
• Transunion?
• Experian?

I get this question a lot and I'm not sure why?

There’s no sense focusing on something that only lenders have control of it, the fact remain that you need to be credit worthy to be a borrower.

All lender determine your creditworthiness by pulling your credit score.

But if you must know, the answer is your FICO score and that is an standard being used with most lenders in general.

Your FICO score is a combination of the 3 listed above...which are the three main credit bureaus.

If you are looking for the perfect "LOWEST CREDIT SCORE" you must have and get the best pricing from a lender...you will need at least 760 points.

If you have any mistakes or missteps inside your credit report, you must deal with them before buying a home if you want the best rates possible...and in some cases, this could take several months.

Maybe you will find that your credit score is not sufficient for you to get a loan. Your income and the ratios play an important role in determining how much credit you can get.

This is a very personal conclusion based on your own credit score, your income ratios, your debt amounts...and a few other important relevant facts. I caution for you NOT TO DISQUALIFY yourself...but have a professional evaluate your whole application for the best advice possible.

In summary, the only thing you have control over your credit score is to keep up diligently with your bills, don't wait until the last minute to pay them, don't over burden yourself with so much credit and be responsible and strive fro perfection when it comes to paying your bills...

If you have low credit scores, do not get discouraged, there are ways to raise your credit up with the right help...call us if you need assistance on this 301-246-0001.

What Credit Score is Needed to Buy a Home in Maryland from Herboso and Associates llc

What it takes to get a loan plus information about grants when you are a first time home buyer?