How Good Does Your Credit Need to Be to Buy a Home?

How Good Does Your Credit Need to Be to Buy a Home?

If you’re thinking about buying a home, you know that your credit score has a direct impact on your mortgage. But how good does it need to be?

How Good Does Your Credit Need to Be to Buy a Home?

Having a high credit score certainly helps you get approved for a mortgage loan. However, that doesn’t mean your score needs to be perfect. In fact, you can be pre-approved for a mortgage loan with a credit score in the 600s – though your interest rates will certainly reflect your score.

Higher Interest for Lower Scores

Generally, the lower your credit score is, the higher your interest rate will be. It’s worth trying to work on your credit, even if you can only make a small improvement, before you apply for a mortgage. That’s because over time, your interest rate dictates exactly how much you’ll pay for a home.

What About Points?

If you’re able to save a little extra cash (in addition to your down payment), it may be worth it for you to purchase discount points. Points are one way to lower your interest rate, which can save you money in the long run.

Are You Thinking of Buying a Home in Dubois County?

Use our site to search homes for sale in Jasper, Dubois, Spencer, Martin and Davis counties, as well as all the surrounding communities. Unlike the “big name” sites out there, at Sell 4 Free Welsh Realty, our site is directly connected to our local MLS. We update it with new homes every hour.

Sign up for new listing alerts so you can stay on top of the newest homes for sale – and get price change alerts so you can stay ahead of other buyers and beat them to the hottest deals!

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Popular Jasper, Indiana Home Searches:

Newest Homes for Sale in Dubois County

View the newest homes listed in Dubois County in the last 10 days:

This charming classic home in Jasper offers an inviting blend of modern updates and timeless appeal. With 3 bedrooms and 2.5 baths, it provides ample space for comfortable living. The open-concept living and dining room enhances the flow of the main floor, leading to a fully stocked kitchen that overlooks a beautiful level fenced yard and patio—perfect for outdoor gatherings. The expansive master bedroom is a retreat in itself, featuring a his and hers bath, a large walk-in closet, and access to a private deck with stairs to the backyard. Upstairs, two bedrooms with spacious closets and a full bathroom offer plenty of room for family or guests. The large family room on the lower level is ideal for entertaining, complete with a bar area with plumbing available, Wall mounted TV above a cozy gas fireplace, half bath, and backyard access. The basement adds extra versatility with two finished bonus rooms, a potential office or sitting area, and a large laundry room. The outdoor space is a highlight, offering a storage area with overhead door and generous room for relaxation and play. Don't miss the chance to explore this captivating property through the 3D virtual tour! $342,000 Active

1153 W 13th Street Jasper, Indiana

3 Beds 3 Baths 4,541 SqFt 0.36 Acres

Listing courtesy of Amy Uebelhor from SELL4FREE-WELSH REALTY CORPORATION.

Don't miss your opportunity to see this cute 3 bedroom, 2 bathroom home in Dubois. Resting on approximately 1.3 acres, this home offers an abundance of yard space to entertain, garden, and more. Step into the home, filled with natural light. This split floor plan features two bedrooms on one side, and an updated owner's suite. The owner's suite includes a tile shower, walk-in closet, and french doors leading onto a private porch. This home offers the perfect blend of modern comfort and versatility. $274,700 Active

7975 E State Road 56 Dubois, Indiana

3 Beds 2 Baths 1,926 SqFt 1.3 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

This super cute, 3-bedroom, 2-bath Craftsman-style ranch offers comfort and character inside and out. Located in a desirable northside neighborhood, the home features a split floor plan and a spacious layout perfect for everyday living and entertaining. Step into the welcoming foyer that flows into the bright and airy living room, highlighted by a stunning coffered ceiling. The open-concept design connects the living area seamlessly with the kitchen and dining space. The kitchen boasts ample cabinet and countertop space and comes fully equipped with a range, dishwasher, refrigerator, and microwave. Enjoy outdoor living in the fenced backyard, complete with a patio and a handy storage shed—ideal for gardening or extra storage. The 2-car attached garage is the icing on the cake, offering both convenience and functionality. $289,700 Active

4229 New Birch Drive Jasper, Indiana

3 Beds 2 Baths 1,429 SqFt 0.24 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.