The Big Lie About Credit Scores: Why Chandler Renters Are Waiting Too Long to Buy.

Whether you’re looking at homes in the heart of Chandler or exploring the beautiful neighborhoods of Ahwatukee, I’ve noticed a common trend lately. Many potential buyers are staying on the sidelines—not because they don’t want to move, but because they believe they can’t.

One of the biggest hurdles? The Credit Score Myth.

According to recent data, 42% of Americans believe you need "excellent" credit to qualify for a mortgage. If you’ve been looking at your score and thinking homeownership is a distant dream, it’s time to look at the facts for 2026.

You Don’t Need a Perfect Score

The confusion often comes from the headlines. You might see that the median credit score for recent homebuyers is around 775. While that's a strong average, it is certainly not the "floor."

In reality, many buyers are successfully securing mortgages with scores much lower:

• FHA Loans: Can often be secured with a score as low as 580 (with 3.5% down) or even 500 (with 10% down).

• Conventional Loans: Typically require a 620, but new guidelines in 2026 are making it easier for lenders to look at your full financial picture, not just one number.

• VA & USDA: These programs often have flexible requirements that prioritize your service or the location of the home over a "perfect" FICO.

The Power of Local Insight

Every lender has a different "risk appetite." Just because one bank says no doesn't mean they all will. In the East Valley, we have fantastic local lending partners who specialize in programs like the "Buyer Ready Pre-Approval," which helps you understand exactly where you stand before you even start touring homes.

The Bottom Line

Your credit score is an important tool, but it isn’t a brick wall. If you’ve been waiting for "the perfect time" or "the perfect score," you might be missing out on the opportunity to build equity in a community you love.

Ready to see what’s possible? Don't let a myth keep you from your dream home in Chandler or Ahwatukee. Let's connect—I can introduce you to a trusted local lender who can help you map out your next steps, no matter where your score is today.

The Big Lie About Credit Scores: Why Chandler Renters Are Waiting Too Long to Buy.The Big Lie About Credit Scores: Why Chandler Renters Are Waiting Too Long to Buy.The Big Lie About Credit Scores: Why Chandler Renters Are Waiting Too Long to Buy.The Big Lie About Credit Scores: Why Chandler Renters Are Waiting Too Long to Buy.