Q & A: Credit and Buying a Home

Question: We want to buy our first house, but our credit isn’t great.

One of us has a credit score of 580 and the other has a 620. What should we do?

Answer: Boost both of your credit scores.

Even if one of you has good credit, it doesn’t “cancel out” the other’s bad credit. The loan terms you get will most likely be based on the lowest credit score, so it’s in your best interests to talk to a lender and find out what your options are.

Some lenders specialize in low-credit-score loans, but you may end up paying significantly higher interest rates if your credit scores (or one of your credit scores) aren’t up to snuff.


If you’re buying a home in Grayton BeachPanama City BeachDestin, or any of the surrounding communities, we’d love to help you find the perfect place.

Call us at 850-213-3048 or get in touch with us online to let us know what you’re looking for. Our expert 30A real estate agents will start searching for your dream home right away.