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The Houston Housing Market in 2020 and How Your Credit Score Affects Home Loans

Houston is one of the top markets for real estate in the U.S. If youu2019re looking to buy a home in Houston, the most critical factor in getting the best mortgage rate possible from lenders is your credit score. https://thephenixgroup.com/the-houston-housing-market-in-2020-and-how-your-credit-score-affects-home-loans/

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The Houston Housing Market in 2020 and How Your Credit Score Affects Home Loans

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  1. The Houston Housing Market in 2020 and How Your Credit Score Affects Home Loans Presented By:The Phenix Group

  2. Houston is one of the top markets in the nation for real estate investing because of its diversified economy and huge demand for housing. When you’re looking to purchase a house, the most critical factor in getting the best mortgage rate possible from lenders is your credit score.

  3. Current Housing Market in Houston- Even though COVID-19 interrupted the regular stream of sales, Houston sales were over 11% ahead of March 2019 levels. The federal government has lowered interest rates to the point where they are now at all-time lows. • Houston Housing Market Predictions for 2020-Prospective homebuyers face competition when looking to purchase low to mid-range houses for the rest of 2020. On the upside, low-interest rates will likely remain in place for the foreseeable future.

  4. How to Improve Your Credit Score • On-time payments • Cap your spending • Pay off Balances • Find a mortgage within 30 days of applying for one • Get professional help • How Does Your Credit Score Affect Loan Options and What Scores Do You Need? • The higher your credit score, the better interest rates you’ll qualify for. • 720 or higher = excellent • 690 - 719 = good • 640 - 690 = fair • 640 or lower = bad

  5. Acquiring a home in this area has lots of advantages. If you’re looking to buy a house in this location, achieving a high credit score is essential to get the lowest interest rate. https://thephenixgroup.com/the-houston-housing-market-in-2020-and-how-your-credit-score-affects-home-loans/ Presented By:The Phenix Group

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