Do I Need Perfect Credit?

June 29, 2015 Posted by Matt

Do I Need Perfect Credit to Buy a Home?  The short answer is “no”.  Many first-time home buyers believe that they have to have a perfect credit score and a large down payment.  There are several programs designed for first time home buyers that are available to individuals with poor credit.  Also, you can purchase a home with as little as 3 percent down.

Some Highlights:
•The average FICO score of Approved Conventional Loans was 757 in May
•The average FICO score of Approved FHA Loans was 688 in May
•Since April 2013, the ability of Americans to obtain a mortgage has increased substantially!

Perfect Credit