Your Credit History 

Your credit history is reflected in your credit score, and your credit score is the single most important factor in determining what kinds of mortgage loans you will qualify for and what your interest rates will be.  A higher credit score means you pay your bills on time and you manage your credit well.  By doing these things, you are proving to others, particularly mortgage lenders, that you are deserving of their investment in you.

A higher credit score will make it more likely that you will be able to qualify for little to no money down loans, cutting-edge interest rates and the lowest mortgage payment possible.  On the flip side, a lower credit score may mean that you need to have a larger down payment (maybe as much as 20% down), that you may not qualify for the low fixed-rate loan you want, or that you may not qualify for as much house as you'd like.

As a service to our clients, we will provide at your request a free copy of your Tri-Merge Credit Report and a free Credit Score Maximizer analysis report with your loan application.  These reports will provide a summary of your current credit rating, as well as step-by-step suggestions to help you improve your credit score and qualify for the loan and interest rate you want, and our Loan Officers will explain them to you in plain, easy-to-understand terms.

The pages below provide some background information about credit reporting, how credit scores impact your daily life, and what you can do to improve your credit rating.

What is a Credit Score?: Learn why credit scoring exists and how it is used

Your FICO Score: Find out what role the credit reporting bureaus play and how they calculate your credit score

Getting a Credit Report: Tells you where you can get a copy of your credit report

Mistakes on Your Report: Learn what kinds of mistakes you may see on your credit report and why they occur

Disputing Credit Reports: General information about how to dispute mistakes on your credit report

Bankruptcy: We've got mortgage loan options for you, even if you recently filed bankruptcy!

What's my credit score?