to snuff is your credit score. Your credit score is a numerical summary of your credit report, a detailed document outlining how well you've paid off past debts—to your credit cards, college loans, and any place you owe money.
Lenders check your credit score as a way to gauge whether to give you more credit in the form of a home loan. If your credit score is high, you're considered creditworthy, which bodes well for your chances of getting a good mortgage. If your credit score is low, though, lenders might worry whether you'll default on your home loan, and deny you a mortgage (or charge you a premium for it).
In other words: A good credit score is key to the home-buying process. Here's more on who calculates your credit score, how to get a free credit score check, what counts as a good credit score, and some ways to improve your credit score fast. 
Boost Your Credit Score in a Jiffy With These 5 Tricks
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Credit score basic No. 1: Who calculates your credit score? Credit scores are calculated by three credit bureaus: Experian, Equifax, and TransUnion.
Credit score basic No. 2: How is your credit score calculated? The main variables that go in your credit report that make up your credit score are the following:
  • Credit payment history 
  • Debt-to-credit utilization 
  • Length of credit history 
  • New credit accounts 
Credit score basic No. 3: How to get a free credit score check. Have no clue what your credit score is? You can get your free credit score online at CreditKarma.com
To dive into more details on what determines your credit score—as well as any problems dragging your credit score down—you'll need to get your full credit report. You can get a free credit report once a year at AnnualCreditReport.com.
Credit score basic No. 4: What is a good credit score? A credit score can range from 300 to 850; 850 is a perfect credit score. Wondering where most people stand with their credit scores? The average credit score hovers around 695. 
Credit score basic No. 5: What credit score do you need to buy a house? While it varies by area and type of loan, generally lenders will look for a credit score of 660 or higher to grant a mortgage.
Got bad credit? There's still hope: Federal Housing Administration loans allow borrowers with credit scores as low as 500 to qualify for a mortgage with a 10% down payment; their credit scores must hit 580 to snag loans that require only 3.5% down payments. (Here's more on the minimum credit score you need for a home loan.) 
Credit score basic No. 6: Why to check your credit score long before you buy a home. It's important to check your credit score many months before you buy a home. The reason? It takes time to improve your credit score. 
How to improve your credit score—and how long it'll take. Here are some sneaky yet totally legit ways you can improve your credit score in record time.
Credit score booster No. 1: Check for credit score errors. For starters, a low credit score may not be entirely your fault. One in four Americans actually finds errors on their credit file, according to a Federal Trade Commission survey on Americans' credit scores. Credit score errors are common because creditors make mistakes with reporting.
Credit score booster No. 2: Pay down your credit debts. Paying down your debt is the thing you can do that could have the biggest—and fastest—impact on your credit score.
Credit score booster No. 3: Get your credit bills current. You hopefully already know that you have to pay your bills on time to get a good credit score. If you’re already late on a payment, pay that puppy ASAP for a quick credit score boost.
Credit score booster No. 4: Open a new credit card account. Opening a new credit card account can help improve your credit score in two ways.
First: “If you open up a new card, which increases your total outstanding credit line, your credit utilization should improve,” George says.
Second: If you have only one type of credit card or a small loan, opening another type (like a store card) can help your "credit mix," a term the credit bureaus use to indicate whether a person can handle different kinds of credit accounts.
Estimated time it'll take to improve your credit score: One to two months.
And while you're at it, make sure to keep all your credit cards open, whether you use them or not. As long as they aren't charging you any annual fees, that is. The reason? Closing accounts might increase your credit utilization ratio, which won't be good for your score.
How long does negative info remain on your credit report and affect your credit score?
This depends on what the credit issue is. For instance, credit delinquencies will typically remain on your credit report for seven years. Bankruptcies will remain on your credit report for 10 years. Credit inquiries—where someone pulls your credit report like a lender or credit card company—remain on your report for two years.
Does paying your noncredit-card monthly bills improve your credit score, too?A Whole New Credit Score Is Coming, The light at the end of this credit score tunnel released in April 2019, you will be able to add utility and telecom payment histories to your credit score. UltraFICO: See the difference? 
Watch: What's the Magic Number? The Credit Score You Need to Buy a Home
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So what are you waiting for? There’s no substitute for the expertise of a Realtor® like Carriene Porter @ Precision Realty & Associates LLC.com, Or a lender like George Andersen that can help you home in. CALL Today 801-809-9866. 
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