Does a house payment show up on your credit report as debt?

If you need to obtain a mortgage loan for financing the home, then YES. That bank/mortgage company will report every month to each of the 3 credit bureau's (TransUnion, Equifax & Experian) on your payment activity. However if you purchase a home for cash and do not obtain financing, then your taxes and insurance would be paid directly by you and no bank would be involved. In that scenario there would be nothing reporting to the credit bureaus. Most individuals that obtain a mortgage loan that have not had one previously, will often see their credit scores increase because of the new type of account added. Over time, the scores should continue to increase from both on time payments and the age of the account you're building. If you have any further questions about mortgage loan financing or how credit works, feel free to contact me anytime at 651-636-2840 Ext 12 or email me at dyoungs@progressivels.com Thanks for the question! :-)

Usually it does. If you obtained a mortgage from a bank it will show up unless it is not reaffirmed while going through bankruptcy. There are also a few other scenarios where it may not show up on your credit report, i.e. private lender.

Hello,Any home that was financed through a lender, that you obtained a loan for, will show up on your credit report as a debt owed.If you are renting however, that payment is not something that is put on a credit report.Josh Lund-Branch Manager, Gold Star Mortgage