Thinking of buying a Greenwood IN Home in 2025?

Thinking of buying a Greenwood IN Home in 2025?

Are you thinking of buying a home in Greenwood IN in 2025?  The first thing you need to have on track is your credit.  It will determine if you can buy a home and what your interest rate and private mortgage will be and even if you can be approved.  In this climate, a 620 is a requirement by many lenders.  It is most important to have a trusted Lender and Realtor by your side for this process.  According to Fannie Mae only 32% of buyers have a solid idea of what lenders require.

You can achieve this goal by paying your bills on time, paying down outstanding debt and holding off on applying for new credit other than your home goal.  These are basic things a lender can advise you on, and they can advise you on much more, such as which debt is most strategic to tackle for your goals, what loan product best fits your needs and goals.  

A credit score is just component towards this goal of buying your Greenwood IN home in 2025 but it is a huge one and worth the start.  Even if your goal is not till 2026, its worth the talk alone with your lender.  Don't have one?  Ask your trusted Realtor partner so you are on track to make homeownership an achievement, not just a goal.

 

 

Need Greenwood IN Property Management?  Give Jim Johnson a call at 317-885-8858 or email office@harbertcompany.com