What’s A Good Credit Score To Buy A House?
Generally speaking, you’ll need a credit score of at least 620 in order to secure a loan to buy a house. That’s the minimum credit score requirement most lenders have for a conventional loan. With that said, it’s still possible to get a loan with a lower credit score, including a score in the 500s.
Minimum Credit Score Required By Mortgage Loan Type
The minimum credit score you need to qualify for a mortgage in 2023 depends on the type of home loan you’re trying to obtain. Scores differ whether you’re applying for a loan insured by the Federal Housing Administration, better known as an FHA loan; one insured by the U.S. Department of Veterans Affairs, known as a VA loan; a USDA loan insured by the U.S. Department of Agriculture; a jumbo loan or a conventional mortgage loan from a private lender:
How To Buy A House With No Money Down
How to buy a house with no money down
Not everyone will qualify for these programs. USDA loans have geographical and income requirements; VA loans work only for military buyers. But that’s OK. You still have other options to explore.
How to buy a house with no money:
- Apply for a zero-down VA loan or USDA loan
- Use government assistance to cover the down payment
- Ask for a down payment gift from a family member
- Get the lender to pay your closing costs (“lender credits”)
- Get the seller to pay your closing costs (“seller concessions”)
What is an all-cash real estate offer, and should you make one?With limited inventory in the housing market, homebuyers in especially hot markets are rushing to snap up properties as soon as they’re listed. Some aren’t bothering to deal with borrowing any of the funds to make the purchase. Instead, they’re making all-cash offers.
What is an all-cash offer on a house?
What does an all-cash offer mean? All-cash offers take the need for securing a mortgage out of the homebuying equation, eliminating the potential challenges of working with a bank or lender.
There are plenty of buyers who can afford to do it, too. According to data from real estate brokerage Redfin, around 30 percent of home purchases in the first half of 2021 were all-cash deals, the highest figure since 2014. In some cities, all-cash offers are becoming the norm. For example, more than half of all purchases in Naples, Florida were all-cash deals.
Ralene Nelson, REALTOR®
JUST LISTED – 718 Allender Way, Rio Vista
$545,000 – As you approach this gorgeous home, it radiates pride of ownership. Driveway has been extended with new concrete on both sides of the home. New exterior paint with newer drought resistant landscaping w/new walkway to front door & drip system w/timer. As you step inside, the home has new interior paint, baseboards & LVP flooring throughout. Kitchen has painted cabinets w/quartz counters, stainless sink & refrigerator. Then step out to the newly landscaped backyard w/new patio, custom pergola, 8 X 12 pool, security fence & all new perimeter fencing, as well as french drains from back to front. Primary bath has painted cabinets, new mirrors & light fixtures. His & Her closets with a barn door that provides bath privacy. Home has all new light fixtures, hardware, whole house fan, water filtration & softener, & reverse osmosis and electric vehicle chargers. Just bring you furniture & enjoy this move-in ready home and bask in the sun with a BBQ. Room for RV parking. Solar lease is only $89 a month, 25 yr lease & transferable. Just bring your furniture and enjoy!! Rio Vista is a quaint little located in the heart of the Delta, close to San Francisco, wine country, Sacramento. Enjoy water sports, fishing & duck hunting. MORE INFO
PENDING – 50 River Rd Spc 39, Rio Vista
$430,000 – Beautiful Carmel model, with custom entry & drought resistant landscaping (front & back). Very relaxing & private back yard, fully fenced for your pet. With upgraded front door, you enter this charming home, 2 bedroom, 2 baths, with bay windows in the nook & primary bedroom. Newer laminate flooring, plantation shutters in great room & 2nd bedroom. 2nd bedroom has build in unit with file drawer & desk space for your computer. Kitchen has newer stainless appliances, refrigerator, microwave & gas stove, oak cabinets, pantry, reverse osmosis & overlooks backyard. Primary bedroom overlooks the back yard & has walk-in closet. Primary bath has double sinks & walk in shower. Electric fireplace adds to the cozy great room. Laundry room has been updated w/sink & stackable washer/dryer. Now step out into this peaceful, relaxing & private backyard, with patio/cover and a lovely water fall. Enjoy your music & a beverage. Garage has built-in storage cabinets & ceiling storage units. Move in ready, so come join the fun at Trilogy. Ammenities include tennis/pickle ball courts, bocce ball courts, 2 pools/spas, gym, golf, computer room & many clubs to join. Are you interested in theater, card groups or other interests? Look no further!! Trilogy has a restaurant & cafe. No Bonds!!
OPEN HOUSE – Saturday 1-3pm
FOR SALE – 181 Cedar Ridge Dr. Rio Vista
2 bed/2 bath/1,433sqft
New Price $519,500 – Look no further!! This Clipper model is like a new home, completely renovated, from new sheet rock to all new cabinets throughout, new baths, laminate flooring, quartz counters, appliances, and new interior & exterior paint. Located on the 11th fairway, bring some patio furniture & enjoy the scenery. This model provides a living room/dining room & a nook/great room. Trilogy provides so many amenities, including 2 swimming pools/spas, bocce courts, billiards, tennis courts, pickleball, gym & more. READ MORE
PENDING – 731 Turnberry Ter Rio Vista
2 bed/2 bath/1410 sqft
$405,000 – NO BONDS-Spinnaker model with private backyard. This 2 bedroom, 2 bath home feels like a very relaxing cottage for a retirement home. The patio provides a quiet place for morning coffee & afternoon beverage. Den has built-in book/curio shelves & bay window. The Master bedroom has a bay window, which creates room for a sitting area. New hot water heater. Enjoy amenities such as golf, tennis, bocce, pools/spas & a new gym, and more. READ MORE
Pending Sale – 295 Sage Meadows Drio Vista
NEW PRICE $549,000 – Calistoga model, with private courtyard, located on a corner lot. New interior paint (including garage) & tile/grout cleaned, gives this home a fresh look. Island kitchen with granite tile, black appliances, w/5 burner gas stove top & maple cabinets. Open floor plan makes this a great home for entertaining & the fireplace makes it cozy. Large master bedroom has bay window, upgraded tile in bath (walk in shower & tub). Den has been enclosed as well as another room, so this could be 4 bedrooms. One can be your den, other can be your craft/sewing room. 2nd bedroom has full bath, with courtyard entrance. Laundry room has sink, cabinets & folding space. Full patio & fencing secures this backyard for your family pet. Trilogy offers many amenities, from tennis, bocce, billards, pickle ball, golf, 2 pools & spas and even playground for grandchildren. Just bring your furniture & make new friends.READ MORE
PENDING SALE – 524 Birch Ridge Dr. Rio Vista
2 bed/2 bath/1,172sqft/4,095sqft lot
Events in Northern California this Weekend
The River Rumble
Sat, Jun 24, 11 AM – 6 PM
Downtown Rio Vista
Join us for the first ever, River Rumble. This event will have vendors, food trucks, live music, adult beverages, activities for kids and more. As the new Rio Vista Downtown Association, our goal is to create a vibrant downtown for our community and surrounding areas to enjoy. This will be our first event of many that we hope will bring something fun to our town and bring our community together. We hope to see you there!
Circus Alegria – Lodi
JUNE 23RD TILL JUNE 26TH
Lodi Grape Festival Grounds, 413 E Lockeford St, Lodi
First 300 Tickets sold are $15 for adults and $10 for children if purchased before Opening Day at 5:00 pm! Use Coupon Code: Early
King Kong VS Live Dinasaurs
Buy Your Tickets www.circusalegria.com
CALL US (661)440 1202
TICKETS FOR MATINÉE – $15 ADULT, $10 CHILDREN
First 300 Tickets sold are $15 for adults and $10 for children if purchased before Opening Day at 5:00 pm! Use Coupon Code: Early MORE INFO
Jill Scott at Concord Pavilion
Saturday, June 24, 2023
Concord Pavilion, 2000 Kirker Pass Rd, Concord
Guess what? After having to cancel, Jill Scott is coming to the Concord Pavilion on Saturday, June 24, 2023, for her Who Is Scott?: Words and Sounds Vol. 1 tour and the 23rd anniversary of the album with the same name. This concert is going to be an electrifying experience to witness the music that made her career and brought her critical acclaim. The atmosphere at her shows is legendary and you don’t want to miss out on any of the breathtaking action, as fans can expect every single one of her songs to be delivered with her powerful yet soulful voice that has a unique ability to convey strong emotions and gets the crowds energy levels soaring. With talent this hot, tickets are already in short supply, but you can grab yours right here by scrolling up and selecting the “GET TICKETS” button. Act fast and avoid disappointment!!! MORE INFO
Saturday Concerts in The Grove
Sat, Jun 24, 6:00 pm – 8:30 pm
The Grove, 6100 Main St, Clayton
The name says it all. During its many years of phenomenal success, Pride & Joy SF has remained the most popular party band on the Bay Area music scene. This group is the Pride of the Bay Area and a Joy to anyone who loves to dance. They have achieved this by presenting the most timeless pop/soul music of our time in an electrifying high-style show that pulls the audience directly into the heart of their performance.