Home Buying in Dallas>Question Details

Glenna Gilli…, Home Buyer in Dallas, TX

Looking to buy a home in Ft. Worth,TX

Asked by Glenna Gillilan, Dallas, TX Fri May 3, 2013

If I pay cash, will my credit score matter? It's very low... 471. I'm looking for a home in the $50,000-$65,000 range. First-time buyer.

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9
There are homes in Ft Worth that can be had for $50-$65k. As the others have mentioned, your credit is irrelevant unless you need financing. Make sure your funds are all in one place or can be documented to provide "proof" so that sellers take your offer seriously, and you will be fine. Good Luck!
0 votes Thank Flag Link Fri May 10, 2013
I agree with Dixon, if your paying cash who cares what your credit it.
0 votes Thank Flag Link Sat May 4, 2013
Hi Glenna,

If you are paying cash. it doesn't matter what your credit score is.

Dixon
Realtor
http://www.findyourtexashome.com
0 votes Thank Flag Link Fri May 3, 2013
1. If you pay cash upon execution of the contract you would be required show you have cash in the bank be considered as a real offer.
2. You need to add your budget inspection, appraisal , closing costs.
3. You would be able to close in 10 working days from execution of the contract IF the property is vacant.

Contact my office today where I can show you many amazing homes work with your family specifications.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
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0 votes Thank Flag Link Fri May 3, 2013
No - cash buyers do not need credit. Let me know if I can help you... http://charlesfansler.ebby.com
0 votes Thank Flag Link Fri May 3, 2013
Credit Score does not matter if you are paying cash.
Web Reference: http://timstoll.com
0 votes Thank Flag Link Fri May 3, 2013
Credit is checked when you apply for a mortgage. If you pay all cash, you will not have any need for a mortgage so no need for a credit check. Hope this helps! Good luck with your home purchase!
0 votes Thank Flag Link Fri May 3, 2013
No, cash is king and no one cares what your credit scores are when you have cash in hand. Your closing costs will be very small and you can close very quickly as well.
0 votes Thank Flag Link Fri May 3, 2013
If you pay cash, your credit score will not matter; but be prepared to show proof of funds when making an offer. Best of luck to you!
0 votes Thank Flag Link Fri May 3, 2013
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