What should your credit score be for a first time home buyer?

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"Should" is subjective. It depends on the type of loan you are attempting to get. FHA loans accept lower credit scores than traditional lenders. Traditional lenders have rate discounts at the higher levels, the best loans being found with scores over 800. Each lender is different. Some price everyone the same over 750, or 720. On average a score over 680 is desirable, although loans can be had with lower scores. Don't forget that lenders are now placing a greater weight on debt ratios and down payment levels.
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How should you buy a home if you are a first-time home buyer?

First and foremost educate yourself. Use your state's local housingauthority for free seminars in the steps of a home purchase andlearning about financing is key. You need to

What should your credit score be for a first-time home purchase?

Answer . The higher the score, the cheaper your loan will be. 700+ will get you the cheapest prime rates advertised in the paper. Around 520-620 will get you subprime r

If your credit score is 588 make 70K and your a first time buyer should you wait to increase your score before purchasing a home?

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What is a first time home buyer tax credit?

Tax Credit to Aid First-Time Homebuyers . If you were a first-time home buyer in 2008, you should know about and begin to plan for a new tax credit that was recently put in

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The first time buyer credit for 2009 expires November 30, 2009. If you are involved in a Real Estate Transaction, you must close by that date in order to be eligible for the

What is the tax credit for a first time home buyer for 2010?

The tax credit for 2009 ends November 30, 2009 - your transaction must close by that date in order to qualify for the credit. Currently, there is no official continuance of t

When will i get my first time home buyers credit?

This will tell you what type of credit you're eligible for: http://thedailey.files.wordpress.com/2009/11/2009-homebuyer-tax-credit-changes.pdf and this will tell you how to f

When does the first time home buyers tax credit end?

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Sorry for the one-liner question, did not know how to add all the details in the question itself. Here they are: We purchased out first home on October 15th; we file under mar

When did the first time home buyer credit expire?

You must have bought - or entered into a binding contract to buy - a principal residence on or before April 30, 2010 . If you entered into a binding contract by April 30, 201

Where should a first time home buyer go for advice?

Talk to friends and co-workers about realtors in your area and then talk to a few. Check your local library for books and articles on finding a Realtor. After your initial r