What Do You Need To Buy a House? 7 Requirements for 2023
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Loading... - Amancio Arnoll
- 24 Apr 2023
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If you’ve ever wondered if homeownership is possible for you, you’re not alone. It’s a process, but homeownership is possible — and it’s more accessible than ever.
So, what do you need to buy a house? Probably less than you think. Follow these steps, gather all your documents, and mortgage pre-approval is a breeze.
Leave renting behind and start building your own wealth through homeownership. Here’s what you need to buy a house.
1. Qualifying Credit
Credit requirements vary by loan type and lender, but buyers can qualify with a score as low as 580.
Many first-time home buyers worry their credit score may be too low to qualify for a mortgage. Most of the time, though, you can qualify with a below-average score.
FICO scores fall on a scale between 300-850, and the national average is 710. But some mortgage programs don’t have a credit score requirement at all. Read More..
