Panza Home Group

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Credit Scores 101: What Every Homebuyer Should Know

Some Highlights

  • 7 out of 10 homebuyers are unaware of the minimum credit score required by lenders, which can vary by loan type.

  • Minimum credit scores typically range from 500 to 700, depending on the loan program.

  • You don’t need a perfect credit score to buy a home—explore your options with a lender to find the right fit for you.