"If you're paying cash for your house, skip this section. Sellers don't really care about your credit score as long as you can pay for the house in full."
"The bottom line: know what you can afford. Your credit score, down payment, debt-to-income ratio, and interest rates are crucial in determining your home purchase budget."
To purchase a home after achieving a six-figure income, you need to determine affordability based on salary, credit score, and other financial factors. For instance, with a $100,000 salary, zero debt, and a 20% down payment, potential home prices should be around $425,000. Factors influencing home affordability include credit scores, debt-to-income ratio, interest rates, and home condition. Achieving a credit score of 740 or above generally allows for better mortgage rates, which impacts overall affordability significantly.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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