Buyer credit basics and quick wins
Your credit score decides more than approval—it affects your rate, down payment, and loan choices. Understanding how it works can save thousands over time.
What makes up your credit score
- Payment history (35%) On time payments carry the most weight.
- Credit utilization (30%) Keep balances under thirty percent of your limits.
- Length of history (15%) Older accounts help, so avoid closing long-held cards.
- Mix of credit (10%) A blend of cards, loans, and installment accounts builds strength.
- New credit (10%) Too many inquiries or new accounts can drop your score short-term.
Easy ways to add points quickly
- Pay balances down below thirty percent of limits.
- Set up autopay on all accounts to avoid missed payments.
- Dispute errors or duplicates on your reports.
- Ask for credit limit increases on clean accounts to lower utilization.
- Remove old authorized user cards that carry high balances or late history.
Why it matters for mortgages
Lenders tier pricing by score ranges. Small improvements can reduce interest, lower mortgage insurance, or expand loan options.
Next see what credit score do I need for specific loan programs.