Eleventh Month

Eleven months down - almost a year!


Now that you’re familiar with soft and hard credit pulls, let's dive into credit scores in general.


Yes, the higher the number the better. But what does this number really mean? Does it really make that big of a difference? Especially when it comes to home buying?


Your score matters, but maybe not to the degree you’ve been told.


Investopedia proclaims a credit score is a “statistical number that evaluates a consumer’s creditworthiness and is based on credit history.” This basically means that you have a number assigned to you that tells potential lenders if you’re likely to payoff the loan. The higher the number, the more likely (statistically) that you are to be able to pay back the loan and therefore, the less risk you are to the lender. This means more people will want to lend to you and with less safeguards, like higher interest rates.


In short, a higher credit score can lead to lower interest rates, which means money back in your pocket.


Don’t let a number scare you. the average credit score of individuals below 40 is in the 630 range. The average credit score for approved borrowers is still well over 700.  Fortunately, the mortgages that Trio uses accept credit scores down to 580 as long as other key indicators (like payment history) to be in great shape. That’s why it is so important to have a steady payment history when it comes time to close.


Fortunately, you have time to build your credit score to help you be better qualified during your Trio lease.


Once you have a handle on how this credit score thing works, don’t forget that you’re going to need savings in this home journey as well. While it might be tempting to pay all your debt off right away, remember that savings will keep you from diving more deeply into debt if an emergency arises. Also, banks determine your mortgage eligibility by not only credit scores, but how much cash you have in the bank and your work history.


Our suggestion - raise your credit and your savings. Yes, both can be done! And we’re here to help you do it.

If you have questions or need assistance, please contact us at

Want to book an appointment to get more details?

Contact Us

Trio Customer Success

601 – 108th Avenue NE, Suite 1900

Bellevue, WA 98004


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