Credit Repair

Is 696 A Good Credit Score – What Credit Score Do I Need To Buy A House? First Time Home Buyer Credit Score Minimum Explained!

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Is 696 A Good Credit Score – Review

How high does my credit score need to be to buy a house? What credit score do I need to buy? In this video, I discuss the FHA credit score minimum, VA credit score minimum and what credit score USDA needs for 100% financing. On top of it all, I will disclose the method behind how mortgage lenders calculate your credit score to determine your loan eligibility!

Tools to monitor your credit score:
https://www.creditkarma.com
https://www.myfico.com

Questions about buying a house? Contact Nicole
NicoleNarkRealtor@gmail.com
501-612-3965

Thank you for watching this video. I hope that you keep up with my videos I post on the channel, subscribe, and share your insights with me and others that need to hear them.

Follow my journey as a Little Rock Realtor here:
https://www.instagram.com/nicolenark/

Looking to Buy or Sell a home in Central Arkansas? Check out:

My First Time Home Buyer Guide: https://narkhomes.com/arkansas-first-
Search Little Rock Homes For Sale : https://narkhomes.com/little-rock-hom
Browse new Homes For Sale in Cabot : https://narkhomes.com/cabot-ar-real-e
Get a Free Home Valuation: https://listings.narkhomes.com/idx/ho

Subscribe to my channel here:
https://www.youtube.com/channel/UCOgk

Want home design inspiration in addition to Home Buying & Selling Tips? Check out my Pinterest where you can find it all!
https://www.pinterest.com/nicolenarkr

Hi, I’m Nicole Nark, a full-time Realtor® at Pixel Properties Realty in Little Rock. I came to Little Rock with the love of my life, I am a proud Mom of two furbabies (Mini Schnauzer Mix and German Shepard), a Graduate of Communications from the University of Arkansas-Fayetteville and Honor Graduate of Arkansas Real Estate School in Little Rock.

I believe that home ownership lays the foundation for a life of financial security and freedom.

From building equity in a home, to the tax benefits it provides, buying a home is the most important financial decision most people make during their life. For this reason it is important to work with a professional who is committed to act as an advocate for you and your best interests.

Learn more about me and the services I provide here:
https://narkhomes.com/little-rock-rea

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34 Comments
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34 Comments

  1. Monebyrd
    July 25, 2021 at 11:05 pm

    Thanks soo much for sharing

  2. jennifer armstrong
    July 25, 2021 at 11:05 pm

    Hey Nicole, My boyfriend and I were interested in applying for FHA loan. We have money saved up for a down payment. I’m a stay at home mom & Bf works under the table..he’s thinking about getting his business license.. will that set us back? He makes good money.. we wanted to get a manufactured home.. we own the land..my credit score is better than his. I’m in a pickle

  3. Patricia Flores
    July 25, 2021 at 11:05 pm

    How would we as the buyer know which credit score is going to be choose to buy the house is there way way we can find out beforehand. Could we the buyer find this info on credit karma 🤔 I'm so confused 😕

  4. Sharon Burton
    July 25, 2021 at 11:05 pm

    My credit is 568

  5. mrza mrza
    July 25, 2021 at 11:05 pm

    GREAT .
    THANK YOU.
    PLEASE SAY HOW ABOUT SELF EMPLOYED TO OWN A HOME.

  6. Evangelista Alberto Mercedes
    July 25, 2021 at 11:05 pm

    Hi Nicole, I love the information you provided on this video, great job. I have a question. How do you know what bank to go to when you want to apply for a mortgage loan. For example when you want to apply for a car loan you can go to the dealer, and the dealer will run your credit and show you different lender with different interest rate to give you the best possible interest rate. Does it work like that too with mortgages is there a place or bank that you can go to find the best possible rates out there?

  7. mrza mrza
    July 25, 2021 at 11:05 pm

    THANK YOU GREAT INFORMATION.
    KEEP IT UP.

  8. Daniel Just Daniel
    July 25, 2021 at 11:05 pm

    Would I be better off with a VA or Conventionial loan if I'm putting the 20% down for a lower monthly payment? my credit score is 826, I'm retired with a total income of 64K after taxes. Will my current home that i will sell before closing on the new one effect my DTI?

  9. Shelley Wu
    July 25, 2021 at 11:05 pm

    Your channel is really great!

  10. Shirley Johnson
    July 25, 2021 at 11:05 pm

    Ms.Nark My question when a lender pull your credit that is a hard pull and you are denied that will lower your credit score? And would you have to build it back up before trying for another lender? And do it effect a chance to get a morgage beings they did that hard pull?

  11. Golden Curlz
    July 25, 2021 at 11:05 pm

    Nicole, if I get my credit pulled with multiple lenders, do it effect my credit score

  12. Henrietta Adams
    July 25, 2021 at 11:05 pm

    I just had a past due collections appear on my credit report from 7 years ago. I knew nothing about it. I called the credit collections company and paid the debt. I I called the collections company and they said "no" that's up to credit bureau. I just called Trans union again and they said it was no longer on report. Experian won't answer their phone so went online, all effort to correct this was proven abortive and I needed to do this fast for me to qualify for a house mortgage. Few weeks ago I came across this credit coach Calvin who many had recommended how he had helped them with their credit score. I contacted him via his working email address( ERNSTCALVIN.NET ) and asked if he could help me. He answered boldly 'YES' and explained to me in detail the whole process. I gave him a try to my greatest surprise he did an amazing job. My score has been boosted to 800 on average across all bureaus and all 3 items were removed. Thanks ERNST CALVIN . YOU CAN ALSO CONTACT HIM ON INSTAGRAM @ERNST_CALVIN_

  13. Issaa Budget
    July 25, 2021 at 11:05 pm

    Is there a different credit report lenders can see that we can’t see when we order our 3 credit reports each year? I don’t want any surprises when I start my process to get pre approval! Please advise

  14. Maria Williams
    July 25, 2021 at 11:05 pm

    I have been working on my credit score but I have high student loan debts how do lenders look at student loans

  15. Kim Williams
    July 25, 2021 at 11:05 pm

    I wish you were in DC! Your videos are great and extremely helpful and to the point! Thank you

  16. amina a
    July 25, 2021 at 11:05 pm

    Can someone on social security with good credit score 650 get approved for loan 💵 for house 🏡

  17. Berenice Rodarte
    July 25, 2021 at 11:05 pm

    I am helping my parents gather information on buying a home in northwest arkansas (springdale area). What are some lenders in the state that follow the FHA loan requirements? They do not have the best credit but do have above 620. I have looked up reviews but there is many to help us choose out some good local lenders

  18. THEREALSHO-TIME23
    July 25, 2021 at 11:05 pm

    640 middle mortgage score. 25 years same job. DTI 17% 1 year on 11 accounts never late. But prior to that 7 car late payments and 2015 27k charge off with a balance of zero bank said I don’t owe it charged if with zero balance Other then that 11-12 accounts in good standings oldest credit account 3 years. Car account currently current 5 years with 10 payments left. Trying to raise it to 660-670 before applying for home loan with down assistance would the charge off affect me ?

  19. Tim Cook
    July 25, 2021 at 11:05 pm

    I’m writing here to tell all Americans facing challenges in their credit report, there’s a Reputable credit specialist called (Spy Hacker) I meet him on a credit blog with good reviews and I told him the issues I’m having regarding my credit report then I was having Bankruptcy, Tax liens, DMV two closed accounts in my collections with one credit card debts after I told him all this and he helped me removed all those from my report within a couple of days that I wasn’t expecting and he raise my fico score to high 798 I got lifted again with good a credit profile all gratitude goes to this great specialist and I will advice everyone out there to go for him he’s good and trustworthy. Here he is contact details
    Email: EAGLESPYHACKER@GMAIL.COM

  20. mandeep Singh
    July 25, 2021 at 11:05 pm

    Hi ! I am planing to buy house . And my credit score is 689 . Is it good or bad ? Thank you !

  21. big matt
    July 25, 2021 at 11:05 pm

    See no ring on her finger, but she lives in Arkansas >.<

    /sigh…

  22. THEREALSHO-TIME23
    July 25, 2021 at 11:05 pm

    Mortgage middle score 630. 24 years at same job 13 months no late payments. Dti19%. But prior to 13 months no lates was 7 lates on vehicle. But only have 10 months remaining on vehicle is a high payment 670$. 10 credit cards balance zero or at 1% so car only monthly payment showing on reports and charge off in 2016 that is still showing but with a balance zero. Will it affect my chances for fha ? Say about 100k loan

  23. D'Angelo Slaughter
    July 25, 2021 at 11:05 pm

    your videos are dope they give me hope lol I’ll be able to purchase a home some day.

  24. Pamela Freeman
    July 25, 2021 at 11:05 pm

    Hi Nicole, I am trying to buy a house in a different state. I am looking at down payment assistance with an FHA loan but what do I do about closing costs?

  25. Chao Thow
    July 25, 2021 at 11:05 pm

    so my credit is over 800+ and my monthly income is around 3000 per month before tax with very little minor credit card debt, where do i stand?

  26. Rhonda Genesis
    July 25, 2021 at 11:05 pm

    Thank you for this information!!!….Question for the USDA loan, how much are closing costs? And can you get programs to assist you with it? Also, if you have different scores , how to they calculate what your credit score is, when applying for a Mortgage? Thank u!!….NEVERMIND…YOU ANSWERED IT..LOL

  27. Ganesh Narayan
    July 25, 2021 at 11:05 pm

    Hi Nicole can someone on SSDI social security disability with a sore 690 get a FHA Loan .thanks

  28. JoyLitz247
    July 25, 2021 at 11:05 pm

    Such a beautiful professional thank you

  29. Life with Lulita
    July 25, 2021 at 11:05 pm

    Hey there , in the state of Arizona here . Me and my husband are trying to purchase a house either in Arkansas or Georgia we are really liking Arkansas

  30. Gabriel Balfour
    July 25, 2021 at 11:05 pm

    my bank wants a 620 credit score for and FHA loan crazy !!

  31. bill str
    July 25, 2021 at 11:05 pm

    Hi Nicole!
    What do you think of buying during this virus time. Better to wait and see or move ahead with plans? We are moving to the beautiful Natural State from Nevada. We are in our late 50's and have purchased 2 homes previously but still feel like novices with all the ins and outs of it all. Thanks Nicole, your videos are wonderful!
    Bill and Deb S.

  32. Steve Carlson
    July 25, 2021 at 11:05 pm

    Hi Nicole,

    I am looking for a home how do You know how much home you can afford the total loan and I would definitely be interested in any realtors and lenders in Summerville, SC as well as DPA. Thank You so much

  33. Ruben Pierre
    July 25, 2021 at 11:05 pm

    This was amazing information. Thank you 👍

  34. Tenzin Tsultrim
    July 25, 2021 at 11:05 pm

    Is it good time to buy house or wait ? Is there going to be housing crash ?