What Credit Score Do I Need To Buy a House? | Freedom Mortgage

Your "utilization ratio" is the amount of credit you’re using compared to your total limits. Keeping this low proves you aren't overextended.

Before making any changes, know where you stand. Federal law allows you to get a free report from each of the three major bureaus—Equifax, Experian, and TransUnion—every year at AnnualCreditReport.com.

: Use the Experian Boost service to add utility, phone, and streaming service payments to your file for an immediate potential increase.

: If you have high-interest debt, a debt consolidation loan can simplify payments and potentially lower your DTI, but do this at least 6 months before house hunting. 5. Fast-Track Strategies

: Don't open new credit cards or take out a car loan right before applying for a mortgage. These "hard inquiries" can temporarily lower your score.

: Ask a family member with a long history of perfect payments to add you as an authorized user on their oldest card. Their good habits will reflect on your report.

: Fixing even a small error can lead to a quick boost in your score. 2. Prioritize On-Time Payments