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First-Time Homebuyers in Dallas: Average Credit Score & Tips for Budgeting

Thinking about becoming a first-time homebuyer in Dallas? To make sure youu2019re in the best financial position possible here is the credit score you need and extra tips to budget before heading to the bank. #creditscore #homebuyer #firsttimehomebuyer #budgetforhome<br><br>Click here to learn more: https://thephenixgroup.com/first-time-homebuyers-in-dallas-average-credit-score-tips-for-budgeting/

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First-Time Homebuyers in Dallas: Average Credit Score & Tips for Budgeting

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  1. First-Time Homebuyers in Dallas: Average Credit Score & Tips for Budgeting Presented By: The Phenix Group

  2. Thinking about becoming a first-time homebuyer in Dallas? Congratulations! Here’s the credit score you’ll need + tips to help you budget.

  3. Average Home Prices in Dallas: Credit Score Needed: • Avg. pricing single- family home in Dallas: $385,000 • In the past year, a 3% increase in home prices • Continued rise predicted by another 4.5% by Sept. 2020 • Avg. credit score for first- timers: 671 • The higher your credit score, the better interest rate you’ll get • Minimum score for conventional loans: 620 • Minimum score for FHA or other government loans: 580 Tips to Budget: Shop Early: • Find target location • Go to open houses, get a feel for different areas, and decide what’s important • This helps come up with how much you need to save

  4. Household Net Income: Pay Off Debt: • How much money do you have each month after taxes? • Then calculate monthly household expenses Cut Back: • Mortgage applications require credit check • Pay off outstanding debt to improve credit score • If struggling to pay off debts, hire a credit repair company • Are there areas where you’re overspending and can cut back? • Think about the end result being homeownership!

  5. Buying your first home is a significant life change – both personally and financially. With just a few steps, your dream of owning your first home in Dallas is within reach! Presented By; The Phenix Group https://thephenixgroup.com/first-time-homebuyers-in-dallas-average-credit-score-tips-for-budgeting/

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