Subscribe and receive email notifications of new blog posts.
RSS Feed
Planning to purchase a home in the next year? Don't let poor credit dash your hopes!
Subprime credit—generally between 300 and 600 on the VantageScore scale—can inhibit a buyer's ability to secure a mortgage. Recent research from TransUnion®, one of the three major credit bureaus, shows many first-time buyers, particularly millennials, are lacking in the credit department: 43 percent of would-be millennial buyers surveyed by the agency have a subprime credit score.
"Credit scores are a crucial component of the home-buying process, impacting everything from the size of a mortgage payment to the interest rate on a home loan," says Ken Chaplin, TransUnion's senior vice president. "People with subprime credit may face financial barriers to homeownership, making it difficult for their dream home to become a reality.
"Th...
We respect your concerns about privacy and value the relationship that we have with you.
Like many sites, we use cookies on our website to collect information to help improve your browsing experience. The cookies that we use allow our website to work and help us to understand what information is most useful to visitors.
For the best website browsing experience, please enable cookies. Go here for instructions on how to enable cookies on your browser.
