March is here, and did you know it's National Credit Education Month? Perfect timing to learn more about the importance of credit and how it can help open the door to your dreams of homeownership!

Understanding the Basics:

Your credit score, that mystical number between 300-850, is more than just a number, it holds the key to better deals on mortgages, car loans, and even insurance rates. Your credit score is what companies use to calculate the loan risk. A higher credit score indicates a lower risk, this can be key when purchasing a new home.  

Credit Score Ranges:

• 300-597: Poor Credit
• 580-669: Fair Credit
• 670-739: Good Credit
• 740-799: Very Good Credit
• 800-850: Exceptional Credit with

What Influences Your Score:

Several factors contribute to your credit score including payment history, unpaid debts, number of accounts, account age, credit balance, new applications and negative marks like collections, foreclosures, or bankruptcies. Understanding these factors empowers you to take control of your financial future.

Key Tips to Boost Your Score:

1. Make your payments on time.
2. Limit the number of open loan accounts.
3. Keep your credit card balances below 30%.
4. Check your credit report for errors and dispute any you may find.

Homeownership is Possible:

You may be surprised to find out that you DON’T need perfect credit to qualify for a new home loan. Our Preferred Lenders are some of the best in the business! They have access to multiple loan programs that allow you to take advantage of our low interest rates in all credit score ranges.   

~CALL US TODAY FOR A FREE NEW HOME BUYING ASSESSMENT! Regardless of your current score, we're ready to help you get started. 

Let's make your homeownership dreams a reality - together! 

About the Author: This article was written by the Touchstone Living team. With years of experience in constructing high-quality, energy-efficient homes, our team is dedicated to guiding homebuyers through every step of their journey to homeownership.