Why Credit Matters for Homeownership

When it comes to buying a home, your credit score plays a central role in:

• Getting pre-approved for a mortgage
• Determining your interest rate
• Your down payment requirements
• Accessing better loan programs

For instance, someone with a strong credit score could get a 30-year mortgage with a low interest rate, saving tens of thousands of dollars over the life of the loan compared to someone with poor credit.