Press Release
hand holding smartphone with credit score rating displayed

Buyers’ Credit Scores Rebound Quickly After Home Purchase

ORLANDO, Fla. – Credit scores take a hit after a homebuyer takes out a mortgage, but usually rebound within a year, according to a recent study from Lending Tree, on online lender.

Nationwide, credit scores fall about 20 points, on average, in the four and a half to six months after getting a mortgage. And, even credit scores that fall by more than that average 20 points tend to fully rebound to pre-mortgage levels within a year.

After closing on a mortgage, credit scores nationwide took an average of 165 days to reach their lowest points.

In four Florida cities included in the study, credit scores averaged 730 before buying a home. After the purchase, the scores took 169 days to drop an average 20.9%. However, the credit scores then started to rebound, and the impact of a home purchase was completely gone in slightly less than a year – 351 days.

Florida cities’ credit score averages after home purchase:

Tampa: The average 732 score dropped an average 17.65 points to 714. It took 168.15 days to reach a low point and 349 to fully recover.

Miami: A 727 score dropped an average 21.72 points to 705. It took 162.5 days to reach a low point and 332 days to fully recover.

Jacksonville: A 720 credit score dropped an average 22.1 points to 707. It took 108.66 days to hit a low point and 387 days to fully recover.

Orlando: A 732 credit score dropped an average 22.1 points to 710. It took 165.75 days to hit a low point and 338 days to fully recover.

Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research, and legislative representation to more than 200,000 members in 51 boards/associations. Florida Realtors® Newsroom website is available at