Why should a good credit score range for Loveland CO residents or anyone else who lives anywhere in Colorado matter? That’s a question that we get asked a lot. We wrote this blog post and hope it’s helpful to you, whether you live in Loveland, Fort Collins, Greeley, Windsor, Denver or elsewhere in Colorado.
You may have come across this blog post because you’re about to get ready to search for your first home to buy or you’re already house-hunting and finding out that having a good credit score range is extremely important. But why?
Why Figure Out a Good Credit Score Range?
A good credit score range for Loveland CO homebuyers (or residents throughout Colorado) will help you to have more choices in the budget range of your first home. Knowing your credit range eliminates a lot of frustration and wasted time, too. You can also compete with other buyers who haven’t done their homework like you’re doing.
Think about it… if you don’t know your credit score range or your budget for purchasing a home, you’ll risk getting your hopes up on a home you’d like to purchase but then might find out you can’t afford it yet.
Before you even begin to search, you should decide on your budget. Then you’ll avoid some possible home-buying heartache. What’s the price range you can afford for the home you want to purchase?
Most first-time home-buyers don’t know the answer but we like to be helpful. That’s why we have a free mortgage calculator.
You can use our Mortgage Calculator that’s located in the bottom section of any page of our website to help you figure this out. Go ahead and use it, write down your mortgage budget and then come back and finish reading.
Now that you know your mortgage budget, you might have found out you need to start working on lowering your debt-to-income ratio.
Getting a strong credit approval means that you can immediately compete with buyers who have not considered their home financing options or know their limits. Buyers who are approved have more than an idea of what is attainable, and they can back it up with an in-writing offer.
Find out more details by giving us a call: 970-685-4003.