Credit Scores for Home Buyers in Vancouver | Build, Repair & Get Mortgage Ready
- erin0582
- Sep 29
- 2 min read
When you’re starting your home-buying journey, one of the first things a lender will look at is your credit score. But what exactly does that mean?
A credit score is a number that banks and lenders use to measure whether you’re a reliable borrower. For mortgages, lenders often look for a score around 680 or higher—that’s where you’ll get the best financing options. If your score is lower, don’t worry—there are alternative solutions available.
What if You Have No Credit?
Having no credit can be just as challenging as having poor credit. That’s why it’s important to start building credit early. Ways to do this include:
Getting a credit card and making regular payments
Setting up a line of credit
Financing a car loan
The key is consistency—showing that you can borrow and repay responsibly.
What if You’ve Had Credit Issues in the Past?
Missed payments or unpaid balances don’t mean your journey is over. Start by:
Talking to a mortgage professional to review your credit
Always making minimum payments on time (never miss one!)
Working toward paying down balances in full
Over time, this will rebuild your score and show lenders you’re back on track.
Does Pulling Credit Hurt Your Score?
This is a common myth. Having one mortgage broker or lender pull your credit won’t significantly hurt your score. Issues arise if you apply at multiple banks or lenders at once, as repeated inquiries in a short time can lower your score. Stick with one trusted professional to guide you.
👉 Bottom line: Start building credit now, stay on top of your payments, and work with a knowledgeable professional to make sure your credit profile is mortgage-ready.
Got questions? DM me!
Erin Price Emery
Contact me: erin@priceemery.com
Call or text: 604-767-7725
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