Saturday, June 21, 2014

How long will it take for me to have a credit history fit for a mortgage?

I just started building my credit (via a credit card) in January so I definitely don't expect to be able to do it anytime soon.
My credit score is in the 720-800 range. I plan on getting 2 more credit cards separated by 6 months each.
I would be able to make a 30% downpayment.
The house price range would be 50k-100k.

With my current income and credit score I do qualify, but my file is most likely too thin so that's my big problem.

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