On April 1, 2012 the bar was raised for Temecula first time home buyers and a credit score of 640 is now the baseline for first time home buyer credit.
You can still be approved for a first time home buyer loan in Temecula with a lower score, but a little credit restoration can go a long way to making your dream of homeownership in Temecula a reality at an affordable interest rate.
If you're not careful restoring your credit can have a lot of land mines which in the end will do more harm than good to your first time home buyer credit. Understanding the difference between "common sense" and "FICO score sense" will save you a lot of time and money.
Watch this video from Linda Ferrari, a credit restoration expert, on the top 10 first time home buyer credit myths
For more information on first time home buyer credit, watch our video series from Linda Ferrari