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Bryce Bishop from Citywide Home Loans is here to answer a common question I hear from buyers: “How does my credit score impact my ability to get a mortgage?” Selling your home? Get a free home valuationBuying a home? Search all homes for sale on the MLSToday, Bryce Bishop from Citywide Home Loans is here to discuss how credit scores impact your home buying ability. When you get ready to buy a home, Bryce will gather some financial and personal information. He will also pull your credit score from three different bureaus and look at the middle score. Credit scores can range anywhere from 400 to 800. If you have a score of 740 or higher, you are good to go. If your score is between 620 and 740, then your rates, financing, and down payment may all vary. It is important to have a good credit score but there are some great government loans out there for people with lower scores. These programs offer excellent interest rates and they are pretty liberal, allowing people with low scores to get a home.  “There are great loan products available for people with lower credit scores. ”  Some of those programs include USDA and FHA loans. There is also the Utah Housing loan, which offers 100% financing to home buyers. There are also conform and conventional loans that offer 5% to 20% down payments. So, even if your credit score is a little low, there are plenty of loan products out there relative to your credit score. If you have any other questions for Bryce, you can give him a call at 435-590-3613. As always, if you have any real estate questions, please don’t hesitate to reach out to me. We would be happy to help you!