How To Qualify To Buy Your First Home
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How to qualify to buy your first home. Your credit score is one of the most important factors in determining if you qualify to buy a house. There is no one size fits all home loan for first time buyers. A first time homebuyer according to the u s. You may have credit card balances to pay off or a few missed student loan payments from a couple years ago. 1 an individual who has not owned a.
Everyone has three credit scores one from each credit bureau. To qualify as a first time buyer you must not have had ownership in a home in the past three years. But the most popular type of home loan used by first time buyers are fha loans. Who is considered a first time homebuyer.