Zillow.com has some very interesting statistics on home values and even affordability and has said that homes are more affordable than they have been in the past 35 years.  That is great news for those that have good credit.  So, what is the standard number for good credit?  Anything above 700 on your credit score.
 
So, then what does that mean for those looking for a home that have a credit score that falls below that? According to Zillow, "Applicants with FICO scores under 620 were virtually unable to get loans at any rate, thus being effectively excluded from the home-buying market. And those with FICO scores below 620 represent almost a third of the population."
 
While this may be one of the best times to make home ownership a reality, if your FICO score is not strong and you are not paying cash, then the dream of home ownership may not be the answer for you at this time.  But wait- there’s additional options that can make the dream of home ownership a reality. Contact me and we can discuss your options and what will work best for you in your situation- Hassel free.
 
In today’s real estate market, homesare more affordable than ever and sellers are offering some really great incentives.  If you are looking to purchase a home in Lake County California then I can help.
 
Sign up for our latest listings without obligation…and with the real estate market so competitive and full of incentives- you never know when thatperfect home that you have been searching for will become available.