2019 can be your year to qualify for a mortgage and become a homeowner, even if you have a low credit score. There are lenders who are willing to work with you, and your overall financial picture carries more weight than just a single factor. This article from HouseLogic — “Yes, You Can Get a Mortgage with a Low Credit Score” — offers valuable information on how FICO categorizes your credit score, how your score affects the mortgage interest rate you’ll pay, and how you can work on improving your credit score.

One of the most informative parts of the article is the link it includes to an online rent-vs-buy calculator from Realtor.com. You input the amount you’re currently paying in rent as well as the purchase price of the home you’re considering, and the calculator shows you a year-by-year analysis of whether renting or buying is cheaper. It will also show you the point at which buying becomes the better option. It’s a great tool for seeing just how quickly you’ll reap the benefits of home ownership.

If you’re looking to buy a home — regardless of your credit score — I encourage you to get in touch. I can direct you to affordable homes, downpayment assistance programs, lenders, and more. Call me at 303-204-6494 or send me an email.