• Melanie Loves Tampa Bay

Mortgage Tips for First Time Home Buyers: Why Credit Score Matters

Getting mortgage tips for first time home buyers and talking credit with Patrick Storch of The Mortgage Firm Tampa.

SUBSCRIBE to my YouTube channel if you want to learn about real estate, home ownership, or living in the Tampa Bay area: https://goo.gl/XStcGM

So you've just graduated from college, got a great job, and live in a city you want to stay in... What are your first steps to buying a home in terms of getting a mortgage?

According to Patrick, recent college grads may be able to step into home ownership sooner than they think and qualify for a mortgage. In some instances, education can substitute for being on the job for a few years.

Credit score REALLY matters for anyone who wants to qualify for a home loan. Lenders look at your debt-to-income ratio (how much income and debt you have), credit score, and assets.

Some first time home buyer programs only require a 3% down payment.

The higher your credit score, the better it is for a mortgage loan interest rate and qualifying.

How to establish credit?

-Get a couple credit cards (2 max)

-Don't max out credit cards, pay them off monthly

-Always pay bills on time (credit cards, debt, utilities, phone bill)

Your Mortgage Credit Report is then pulled by lenders like Patrick. 580 credit score typically the lowest you can have to qualify for a mortgage, but ideally your credit score should be 700+.

The Mortgage Firm Tampa / Patrick Storch


Call or apply online. 📲 813-616-8844 🖥

8471 West Linebaugh Ave.

Tampa, FL 33625

Monday - Friday: 8:30AM - 5:30PM

Evenings & Weekends: By Appointment

NMLS # 189233 | 228635



INSTAGRAM: https://www.instagram.com/melanielovestampabay/

FACEBOOK: https://www.facebook.com/melanielovestampabay

TWITTER: https://twitter.com/melanietampabay

SMITH & ASSOCIATES: https://melanieatkinson.smithandassociates.com/ 🎧 LISTEN ON THE GO WITH MELANIE'S PODCAST 🎤


ITUNES: https://goo.gl/TGQrW7

SPOTIFY: https://goo.gl/y6T1i4

GOOGLE PODCASTS: https://goo.gl/C7BcAx

Melanie is a Tampa Bay area Realtor with Smith & Associates. She loves Tampa Bay area area, houses, and helping clients buy and sell real estate. She can be reached at 813-368-6084 or matkinson@smithandassociates.com

DISCLAIMER: All content provided on melanielovestampabay.com and the Melanie Loves Tampa Bay YouTube channel/social media platforms is for informational/entertainment purposes only. The owner of Melanie Loves Tampa Bay makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Information provided is subject to change, please consult Melanie directly or another licensed real estate agent to receive the best expertise for your specific situation.

The owner of Melanie Loves Tampa Bay will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

14 views0 comments