Your credit score is one of the biggest factors in what loan options and interest rates you’re offered.

But the good news is this
You do not need perfect credit to buy a home.

What you do need is a clear picture of where you stand before you start shopping.

What actually affects your score

The biggest factors are:

• Payment history

• How much of your available credit you are using

• How long you have had credit

• How many new accounts or inquiries you have

This is why big purchases, opening accounts, or moving money around can matter more than people expect.

What to do before you apply

• Check your credit with all three bureaus

• Make sure there are no errors or old accounts that should be removed

• Avoid opening or closing any accounts

• Keep balances as low as possible

If something looks off, it is better to address it early than rush right before you want to buy.

When to talk to a lender

If you are even thinking about buying in the next 6 to 12 months, it is worth having a conversation.

A good lender can tell you:

• Where you stand

• What to improve, if anything

• And what timeline makes the most sense for you

The bottom line

You do not need perfect credit.
You just need a plan and the right expectations.