Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Mortgage
Profile Image

Question By
kislyanov

0 Contributions
0 People Helped
Do I have a sufficient credit score for a mortgage in the next few years?
I am 20 years old and graduating college this year in May 2014. Credit karma lists that I have a credit score of 742. I have a few open credit cards, an auto loan, and school loans that I anticipate to pay back fully within the next 2 years. My goal is to purchase a house within the next few years. Will I have a high enough credit score and established credit history (currently, longest open account is about 2.5 years) to obtain a good mortgage within the next few years?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1132 Contributions
1209 People Helped

Yes! Keep up the good work and in few years you will have a nice home with low payments. Just remember to keep your debt to income ratio low and save up for a down payment.... Usually about 3% of the value of the home you want to buy. Good Luck my friend!!!

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.