What is a "Good Credit" Score for a Mortgage?

Can you have bad credit and still buy a house in Utah?

Do you have bad credit? Can you still have bad credit and buy a home in Utah? Well, the answer to this question is, "it depends". This all depends on what your credit score is, your credit history, how much down payment you have, amount of reserves you have in your bank account and which lender you use.

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According to the two charts above, bad credit and good credit can mean very different score ranges. So which is right? In the end, it doesn't matter if your credit is "good or bad" as these views can differ depending on whom you talk to. What matters is what your "middle" score is. What is a middle score? When you get your credit score, you're actually getting three scores from three different bureaus. The middle score is the score that is between the highest and the lowest. For example, if your credit scores are 640, 620 and 580, your middle score would be 620. Minimum credit score requirements for loans can vary depending on what loan product you're needing and which lender you're using.

Federally insured loans start at a credit score of 500 and go up from there. Now a 500 credit score is by no means "good", but loans can be done. Lenders that are willing to go down to a 500 credit score (500-579) are hard to come by and require a 10% down payment requirement. If you have a 580 credit score, only a 3.5% down payment is required. Most down payment assistance programs start at 620 and can go up from there.

Different lenders can help you qualify for different loan programs. So if you are having a problem saving for a down payment and will need down payment assistance, it is best to work on your credit to and raise that score. 

We can help you with credit repair and we will credit you back up to 6 months worth of credit repair when you close on your home. That's up to $633 back that can be used towards closing costs. So if you want to buy a home with bad credit or a bankruptcy in Utah, let us know! We will help you find a solution that best suits your needs. Follow this link to read about our no obligation credit repair program. https://rent2ownutahhomes.com/Credit-Restoration-Credit-Builder

Brokerage Services Provided by Integra Realty

 Can You Trust Credit Repair Companies in Utah?
Find a credit repair company you can trust, build that credit and buy that house!

Have you ever hired a credit repair company that charged you hundreds, even thousands to repair your credit before they have even done the work? Have they guaranteed you results that seemed to good to be true? Chances are, if it seems to good to be true, it may be! Credit repair companies are legally not allowed to pre-charge you for services not yet rendered and CANNOT guarantee you results! We work with a credit repair company in Utah that will not only restore your credit but also build your credit so you can buy your dream home!

A lot of people don't know that derogatory credit only accounts for 35% of your credit. The other 65% of your credit will depend on other factors, such as length of credit history and usage. Most credit repair companies in Utah will repair your credit but will not educate you on how to maintain a good credit score. This is where our credit repair differs from most. We empower you to understand your credit score and give you the tools to increase your score and maintain a high score.

So don't let that low credit score deter your from doing what you want to do, like buying your dream home. Give us a call and we will give you a free consultation on not only how to repair your credit but also buy that home that you've been dreaming of owning! 

To find out how, visit https://rent2ownutahhomes.com/Credit-Restoration-Credit-Builder

Brokerage Services Provided by Integra Realty

 

Have you had to file for bankruptcy
and still want to own your own home?

Have you had to file for bankruptcy and now you feel like you can't purchase a home? We can help! Every situation is different and we can help you determine whether or not we can help you purchase a home now or help you create a plan for a future home purchase. 

A lot of people don't know that you can purchase a home traditionally just 12 months after a chapter 13 and 24 months after a chapter 7. If you have a large enough down payment, you can purchase a home NOW!

We can also help you build your credit or remove any derogatory history in order to help you achieve the credit score needed to purchase as well, for FREE!

To find out how, visit https://rent2ownutahhomes.com/Credit-Restoration-Credit-Builder

Brokerage Services Provided by Integra Realty

  

Has the pandemic ruined your credit?
We can still help you buy that home even with bad credit! 

The pandemic has been a hard blow to a lot of Americans with a high rate of unemployment and thousands of falling behind on bills. If you are one of them, you are not alone! We can even help you buy a house with bad credit in Utah! 

We believe in helping people, no matter your circumstances. Everyone deserves a second chance, especially in today's environment. Job loss due to the pandemic is often due to no fault of your own. Our team of experts include amazing lenders and realtors who can help you plan for the best way to fix your credit, put a plan for purchasing a home, or even purchase a home now! So if you are wanting to purchase your dream home but have had a few late payments recently, give us a call. Even if you've lost your job due to covid but are working again, we can help you find that perfect home!

To find out how, visit https://rent2ownutahhomes.com/Credit-Restoration-Credit-Builder

Brokerage Services Provided by Integra Realty

 

Restore Your Credit for FREE and Buy That Home! 

Understandably, a lot of people in today's economy have been hit with a few bumps in the road and your credit may have suffered. Please understand that you are not alone. We deal with people with problem credit and can help them restore their credit for FREE and help them purchase a dream home.

If you use our credit restoration program and purchase a home through us, we will credit you at closing up to 6 months worth of credit restoration (a $633 value), which can be used towards closing costs when you purchase your home! That's right! You can repair your credit for FREE and purchase a home! It's a win win!

To find out how, visit https://rent2ownutahhomes.com/Credit-Restoration-Credit-Builder

Brokerage Services Provided by Integra Realty

 Is Your Credit Keeping You From Owning Your Dream Home? 

Understandably, a lot of people in today's economy have been hit with a few bumps in the road and your credit may have suffered. Please understand that you are not alone. We deal with people with problem credit and can help them restore their credit for FREE and help them purchase a dream home.

If you use our credit restoration program and purchase a home through us, we will credit you at closing up to 6 months worth of credit restoration (a $633 value), which can be used towards closing costs when you purchase your home! That's right! You can repair your credit for FREE and purchase a home! It's a win win!

To find out how, visit https://rent2ownutahhomes.com/Credit-Restoration-Credit-Builder

Brokerage Services Provided by Integra Realty