Buying a Home in Austin, TX? Here Are the Credit Scores You Need for Good Terms

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Buying a Home in Austin, TX? Here Are the Credit
Scores You Need for Good Terms
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• The housing market here is robust, but getting
  favorable terms on a home loan depends on having
  a good credit score.

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Current Housing Marketing in Austin

• The Austin, TX real estate market is one of the
  hottest. 
• Due to a thriving job market, home values have
  continued to grow.
• The avg. time for a home to be on the market is
  12 days. 
• Driving factors
• Ranks consistently as one of the best places to
  live.
• Supply/demand ratio when compared to other Texas
  cities.

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What About Affordability 

• Still one of the more affordable places compared
  to other saturated markets.
• Take advantage of low mortgage rates. The avg.
  rate for a 30yr fixed mortgage loan decreased to
  3.8. 
• To get low rates, youll need a good credit score.

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What Credit Score Do You Need?

• Examine your credit score before you apply for a
  loan. 
• The higher your score, the more favorable terms
  youll get, and lower down payment you need.
• The avg. credit score for Texas first time home
  buyers is 671. 
• FHA loan score of 580 or above. 
• VA loan score of 620 or more. 
• USDA loan score of 640 or above.

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Because your credit score is so important when
buying a home its essential that you do all you
can to improve your credit score.

• Presented By
• The Phenix Group
• https//thephenixgroup.com/thinking-of-an-apartmen
  t-or-home-in-austin-here-are-the-credit-scores-you
  -need-for-good-terms/