What do I need aside from my good credit 680 in order to buy

Solution

Some of things that you may need apart from a credit score:

a. You also need have money saved for your down payment, typically say 20% of the home purchase price and about 80% can be availed from the loan.

b. You need to have a salary above the threshold that can qualify you for the loan. Based on the price of the property you expect to purchase, the threshold varies

c. The bank will also need to know of the total loan payments of other types like - credit card loan, vehicle or a car loan, student loan and any other loans that you may have taken.

d. The bank may also need a guarantor who will sign for your loan papers and will be held to pay up in case you default on the loan.

e. Income tax filings of your last 3 years to gauge whether you have sustainable source of income.