Credit Struggles to Keys in Hand Prepare for Homeownership

Owning a home is one of the most effective ways to build long-term wealth. As property values increase and you pay down your mortgage, your equity grows, providing financial security

A higher credit score can help you secure a lower interest rate, saving you thousands over the life of your loan. Most lenders prefer a score of 620 or higher, but the better your credit, the better your loan terms!

Many state and federal programs offer down payment assistance, lower interest rates, and tax benefits to help first-time buyers afford their dream home.

In many areas, a monthly mortgage payment is often lower than rent—plus, you’re investing in an asset that can increase in value rather than paying a landlord.

Homeowners may be eligible for tax deductions on mortgage interest, property taxes, and home improvements, helping to lower overall tax liability.

Lenders look at your DTI ratio (total monthly debt vs. income) when approving your mortgage. Keeping your DTI below 43% increases your chances of securing a loan with great terms..