Here are a few surprising things that don't affect your credit score when it comes to buying a home: 

Rent payments: While paying your rent on time is important, it generally does not directly impact your credit score. However, there are now some credit scoring models that take rent payments into account. 

Home utility bills: Your utility bills, such as gas, electric, and water, do not directly impact your credit score.

Homeowners or renters insurance: Your homeowners insurance payment history does not directly impact your credit score.

Home appraisal value: While a home's appraisal value is important for the mortgage approval process, it does not directly impact your credit score.

Your real estate agent: Your choice of real estate agent does not impact your credit score.

Home inspections: The results of a home inspection do not impact your credit score.

It's important to note that while these factors do not directly impact your credit score, they may still be important when it comes to the home buying process. For example, paying your rent on time can help demonstrate your ability to make regular payments, which can be an important factor for lenders when evaluating your creditworthiness.

Homeowner association fees: Your homeowner association fees do not directly impact your credit score.

Property tax payments: While your property taxes are an important consideration when buying a home, they do not directly impact your credit score.

Down payment source: While the source of your down payment is important to the mortgage approval process, it does not directly impact your credit score. However, if the down payment comes from a loan or credit card balance, the payments on those debts will impact your credit score.

Your mortgage interest rate: Your mortgage interest rate is based on your credit score, but it does not directly impact your score. However, paying your mortgage on time can help improve your credit score over time.

Home warranties: Your purchase of a home warranty does not directly impact your credit score.

Closing costs: Your closing costs are an important consideration when buying a home, but they do not directly impact your credit score.

Income: Your income does not directly impact your credit score. However, lenders may consider your income when determining your creditworthiness and ability to repay debt.

Age: Your age does not impact your credit score. However, the length of your credit history does impact your score.

Employment status: Whether you are employed or not does not directly impact your credit score. However, lenders may consider your employment status when evaluating your ability to repay debt.

Gender or marital status: Your gender or marital status does not impact your credit score.

Bank account balances: Your bank account balances do not impact your credit score.

Soft credit inquiries: Soft credit inquiries, such as when you check your own credit score, do not impact your credit score. Only hard credit inquiries, which occur when you apply for credit, impact your score.

Debit card usage: Your use of debit cards or prepaid cards does not impact your credit score. These cards are not considered credit and do not appear on your credit report.

Criminal record: Your criminal record does not impact your credit score. However, some lenders may consider your criminal record when evaluating your creditworthiness.

Education level: Your education level does not impact your credit score.

Race or ethnicity: Your race or ethnicity does not impact your credit score.

Interest rates on your current accounts: The interest rates on your current accounts, such as credit cards or loans, do not impact your credit score. However, the balances and payment history on those accounts do impact your score.

Your location: Your location, such as your state or city, does not impact your credit score. However, some lenders may consider your location when evaluating your creditworthiness.

It's important to remember that while these factors do not directly impact your credit score, they may still be important considerations when buying a home. It's always a good idea to carefully consider all factors that may impact your finances and ability to repay your mortgage.

Like this update? As your local real estate professional, I can provide more great tips like this and answer any real estate information questions you may have. Contact me today!

JUAN MESTRE 

REALTOR ASSOCIATE 

RAISING THE BAR FOR REAL ESTATE SERVICES 

CONSIDER: Since I'm not a lawyer but your neighbor Realtor Associate, you should consult an attorney and your CPA before making any decisions.

 If you wish to find your Home or to start your journey towards Home Ownership, Let’s start working together reach me at 305-776-5677 or register at www.juanmestre.com or email mestre.j@ewm.com. 

Sourced and digested from several locations including but not limited to: RisMedia for BHHS.com/blog, EWM Realty & my knowledge