The latest version of FICO has some pretty helpful changes for people who want to shop for new home in Indian River County, but thought their credit was too awful. The FICO Score 9 will end up raising many people’s credit scores making it possible to finally buy a home in Indian River County, Florida.
The FICO Score 9 makes it so that medical debt, which many Americans are drowning in, has less impact on the credit score. Did you know that around 43 million Americans have medical debt affecting their credit? The new and improved FICO will give medical debt less weight than a credit card. This can help many people who ended up with unexpected medical bills the chance to pursue the dream of home ownership.
Plus, the new FICO will disregard collections accounts that have been paid in full. Seriously! It won’t factor in paid collections debt into score calculations! Can you believe it? Also, when rent payments are reported, it will include rent as part of the score calculations. So, you wouldn’t absolutely have to own a credit card in order to build good credit. You can just pay your rent on time if the landlord reports it!
The FICO Score 9 is already being used by lenders across the county. Some of the top 10 lenders in the United States are even considering using the FICO Score 9 instead of the FICO 8. And that will open doors for home buyers all across Florida!
We Are Your Indian River County Experts
Please consider our team at Alex MacWilliam Real Estate whether you’re selling your home or looking for a new one. We love helping make people’s dreams come true. Plus, we’re experts in this area. Want to find a place to golf in Vero Beach? Just ask one of our skilled realtors while touring your potential new house! Our realtors will try to answer any questions you might have about amenities you can find nearby. Also, check out our Vero Beach relocation guide.
Feel free to use our online search tool to find Vero Beach real estate from your device now. Plus, while you’re at it, also check out:
- Open houses in Vero Beach
- Featured Vero Beach real estate
- 55+ condo communities in Vero Beach
- Single family homes in Vero Beach with acreage
So, if you are considering relocating to Vero Beach, please contact us today. Our real estate team is extremely knowledgeable about the area and can find the perfect home for you. Call us at 772-231-6509 to talk to a Realtor® in Vero Beach, FL today. We can search the MLS and find your dream home.