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WHAT CREDIT SCORE IS NEEDED TO BUY A HOUSE?

Credit scores and how they impact real estate transactions. Let’s just say, it’s probably lower than you think. According to Ellie Mae’s Origination Report from September 2016, a significant portion of homebuyers had scores below 750. Fact is, you don’t have to have perfect credit to qualify these days. Many potential homebuyers believe that they need a score over 780 to qualify, and yet about 80% of buyers…