Good credit is essential if you want to qualify for a mortgage. It can also lower your interest rate and save you on homeowner's insurance, meaning more cash in your pocket in the long run.

If your credit score could use a bit of a boost or you simply want to maintain it, here are some quick tips to keep in mind:

• Keep your balances on your card to below 30% of the maximum
• Don't move credit card debt around (it's best to pay it down instead)
• Have a good mix of credit cards and installment loans, but don't open new accounts unless you need them

The best tip for taking charge of the whole homebuying process (your credit included) is taking Framework Homebuyer Ed. Learn everything from understanding your credit to escrow, and access the course at an Ivory Home's exclusive discounted rate of $50 (normally a $75 value).

START THE COURSE HERE

Did you know you can get a loan with a credit score as low as 580? An FHA loan may be what you're looking for. You can pay as little as 3.5% of the home price as a down payment. However, this option may come with other drawbacks to consider. Register for Framework Homebuyer Ed to find the best option for your budget and needs.

As our preferred lender, Momentum Loans gives homebuyers access to lower costs, better rates, and faster loan processing. Momentum also offers a credit repair for buyers who need help qualifying for or obtaining a better interest rate. LEARN MORE!