Your credit score determines your interest rate, which directly impacts how much home you can afford at a given monthly payment. With a $1,800 principal and interest monthly payment, a higher score qualifies you for a lower rate and greater buying power. For example, a 780 score at 5.750% supports a $325,000 purchase price, while a 680 score at 6.375% lowers that to $305,000. A loan officer can review options if your score is lower.
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