Thinking About Buying? Know Your Credit Score

    Thinking About Buying? Know Your Credit Score | MyKCM

    Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process.

    Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.’

    Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a home. The truth is that according to Ellie Mae’s Origination Report, over 53% of loans were approved with a FICO® score under 750 last month!

    Here are some tips for improving your credit score:

    • Make payments, including rent, credit cards, and car loans, on time.
    • Keep your spending to no more than 30% of your limit on credit cards.
    • Pay down high-balance credit cards to lower balances, and consider balance transfers to free up credit.
    • Check for errors on your credit report and work toward fixing them.
    • Shop for mortgage rates within a 30-day period — too many spread-out inquiries can lower your score.
    • Work with a credit counselor or a lender to improve your score.

    Once you know your score, your next step will be finding a lender and getting pre-approved for a mortgage. Doing this will ensure that you know your budget before you start looking for your dream home.

    Roseburg Properties Group can help you find your dream home today! 541.371.5500 or

    By: KCM Crew

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    Mary Gilbert

    Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. Mary brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty Umpqua Valley will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

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