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Old 03-19-2018, 11:35 AM
 
2,463 posts, read 1,798,786 times
Reputation: 3054

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Howdy,

I am thinking of buying in the future in the Scottsdale, AZ area. I am snowbirding here now, but will go to back to the Midwest in a month where I'd retired and rented since Nov of 2015. I am thinking of going back to the Midwest this spring and then moving permanently to the Valley (Phoenix area) this fall and renting for perhaps six months to a year, etc. and then buying a condo.

I currently have a score of over 800 with each of the three agencies, but am wondering if, after I move to
AZ, if I buy within a year or so of having rented here how that will affect a credit score. Currently, I have been in my place in the Midwest for well over two years, but, if I move to AZ and rent for less than a year will it significantly affect my credit score or no big deal?

Perhaps I should add that I have a good income coming in thanks to a generous pension as well as Social Security and also some farmland income, investments, etc. so I can easily afford the modest mortgage I would be getting. Also, the only debt I have is a car loan of about $600 a month. That's it. I pay my credit card off every month, etc. and again, the 800 plus score.

Thanks for your responses.
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Old 03-19-2018, 01:49 PM
 
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You will be fine. There will be zero effect on your score.
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Old 03-19-2018, 02:27 PM
 
2,463 posts, read 1,798,786 times
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Quote:
Originally Posted by Pfhtex View Post
You will be fine. There will be zero effect on your score.
Thanks for the info.
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Old 03-21-2018, 07:43 AM
 
4,961 posts, read 12,543,561 times
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Pfhtex is spot on. Length of time at address is not a factor in credit scoring. Also won't be a factor in your qualifying for a loan.
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Old 04-03-2018, 03:46 PM
 
11,030 posts, read 5,959,878 times
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Yeah they only ask for prior address if you’ve been at the current one less than 2 years in order to properly identify you. No bearing on score.
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