Category Archives: Homes

homes for sale in Santa Maria and on the Central coast

What Everyone Should Know About Credit Scores

For starters there are different classifications for what is considered a good credit score. They can also be described as poor, average, good, great, excellent, or even exceptional based on the credit score number that you have. Your credit score will fall within one of these categories, but keep in mind the names for these categories differ from industry to industry but to give you a general idea of how good, or bad your credit score is, we have provided you this article outlining what most lenders or banks, even credit card companies and car dealerships, use to determine the likeliness of providing you with a loan at a reasonable rate. Below there is a pie chart outlining what FICO classifies credit score ratings nationwide.

fico-score-graphic

A good credit score depends on many factors. A credit score when applying for a mortgage is different when applying for a credit card or a car loan at your local dealership.
Based on our experience most credit scores, or what seems to be the average among individuals, fall within 620 to 669. A score between 670 to 680 would be considered above average or generally good credit for most lenders. Anything between 680 and 720 will be measured as excellent or very good credit and will help you attain that interest rate that everyone wants. Now, generally anything above 750 will be seen as exceptional credit, which is what lenders like to see. The higher your score, the better credit decisions lenders will make because they will be more confident that you will repay any future debts.

Credit scores are used by lenders, including banks providing mortgage loans, credit card companies, and even car dealerships to make decisions about whether or not to offer you a reasonable loan and what the terms of the offer (such as the interest rate or down payment) will be. We have broken down the differences among these types of loans below.

Home Loans
Mortgages have two key credit score requirements. The first is the minimum score needed to qualify for the mortgage and the second is also a minimum score but this is for qualifying for a low interest rate. Keep in mind that when buying a home there are many types of loans that one can attain. There are conventional loans, FHA Loans, and VA Loans, all with different minimum credit score requirements.

Credit Cards
Credit card lenders do not reveal their requirements unlike mortgages, credit card issuers don’t disclose their standards. There is no data readily available to the public in regards to credit cards.

Car Loans
Also with car loans, there are no set standards, and credit score requirements vary from one lender to the next. Just like the rest of the type of loans (mortgages and credit cards) it is best to keep your credit score in the above average section of credit score rating. To get the best possible interest rate available as well as the type of loan you can be approved for.

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Beautiful, Cheerful 2 bd Two BA MH at [url removed] $89,000

Beautiful, Cheerful 2 bd Two BA MH at [url removed] $89,000

Santa Maria, CA — A 55+ senior gated property.
Master bedroom has 2 walk-in closetsRemodeled kitchenSeveral state of the art kitchen appliancesBuilt-in double stove2-car garageImmaculant landscapingBuilt-in China cabinetSpacious pantry and laundry roomFormal and casual dining room
Plenty of clubhouse activitiesYear-round heated pool
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Santa Maria Two BR Two BA, Spacious unit with both formal & casual $59,900

Santa Maria, CA — Spacious unit with both formal & casual living areas. Large master suite w/walk-in closet and lots of storage. Large covered deck off the family room – great for outdoor dining!
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1095 W McCoy Ln $52,000

1095 W McCoy Ln $52,000

Santa Maria, CA — Presented by: PB & Associates. Move in ready spacious 1400 square feet, clean 3 beds, two bathrooms Manufacture home located in the 55+ Traile Rancho Community! Kitchen contains an abundance of storage and cooking space, cooktop stove, built-in oven. Open dinning area, includes newer laminate flooring throughout, built-in cabinetry in the living room. Also includes 3 spacious beds and 2 bathrooms. Onsite amenities included are a shared pool and clubhouse! With 1 of the lowest See Original Article

MORRO ESTATES HOME, Santa Maria, CA $347,000

Santa Maria, CA — Great floor plan with formal living-dining area, family room with fireplace, granite countertops in the kitchen, some vault ceilings, brand new carpet, fresh interior paint, tile roof, 2 car garage with opener, nice yard. Close to schools, Marian Medical Center, freeway access, shopping, restaurants, churches & more.
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531 GINGKO Court $279,000

531 GINGKO Court $279,000

Santa Maria, CA — This beautiful Santa Maria home is located in the highly regarded Gated property of Hidden Pines Estates. This wonderful, light, bright, and open floor plan is located directly across the street from the park. This well kept property contains many features such as new interior paint, new carpet, new kitchen counters, walk in master closet, and a fireplace. Also, cathedral ceilings, a large living room, patio areas, and lush gardens will captivate the senses. Lastly, all of thiSee Original Article

222 Captiol Dr, Santa Maria – Three BR $269,900

Santa Maria, CA — Located in an established Santa Maria neighborhood, this charming older home is ready for a new family. Inside you ll find three BEDROOMs/two BATHROOMs with 1267 SF of living area, living room w/brick fireplace, wood parquet flooring, updated kitchen w/solid surface counters & lots of oak cabinets, and fresh paint throughout. Other amenities include garden window, kitchen w/new sink, fixtures, & recessed lights, side-by-side Maytag refrigerator (included), master bedroom w/newSee Original Article

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427 Suey Rd, Santa Maria – Four BR $329,900

427 Suey Rd, Santa Maria – Four BR $329,900

Santa Maria, CA — One step inside and you ll know you are Home. This four BEDROOMs/two BATHROOMs Santa Maria charmer offers 1515 SF of living area, light & airy living room w/brick fireplace and recessed lighting, remodeled kitchen w/stainless appliances, tile counters & ample cabinets, indoor washing machine and drier area, and spacious master bedroom w/en-suite bath. Other highlights include beautifully renovated bathroom w/new vanity, cabinets, fixtures, & hardware, recessed lighting in kitcSee Original Article

2020 Sherwood Dr, Santa Maria – Three BR $259,900

Santa Maria, CA — Located in the community of Tanglewood, this three BEDROOMs/two BATHROOMs home offers 1550 SF of living area with a light & airy open floor plan. Inside you ll find tile flooring throughout with carpet inlay in living room, huge open kitchen w/tile counters, kitchen island, and loads of cabinets! Other highlights include arched windows & doorways, crown molding in living room, kitchen w/recessed lights, energy-efficient dual pane windows, landscaped, large fenced back yard, anSee Original Article

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