Your clients don’t need a perfect credit score to buy a home. But the higher the score, the more likely they will benefit from lower interest rates.
Only about 1.4% of the population has a perfect 850 on their FICO credit score. “Achieving a perfect credit score is largely out of your hands,” Riley Adams, a licensed certified public accountant and senior financial analyst for Google, told Apartment Therapy. It can take years to build up a perfect credit score of paying bills on time and paying off debts.
Apartment Therapy recently asked financial experts how consumers can improve their score and inch closer to an 850. Here are a few: https://magazine.realtor/daily-news/2019/09/05/3-tips-for-clients-to-reach-their-best-credit-score