Credit: Your Track Record with Debt
Your credit shows us how you handle money. A great credit profile can help you qualify for lower interest rates and more flexible loan options. If you have debt, that’s okay—you can still apply for a loan, especially if you make consistent and on-time payments toward what you owe.
What we look at (and why)
Your credit score
- Why it matters: It’s your financial report card, so it gives us an overview of how you spend money and handle debt. Scores range from 300 to 850. A higher score can pay off through lower interest rates and better loan terms, but if you have a lower score or are still building your credit history, there are great loan programs still available to you.
Payment history
- Why it matters: Paying your bills on time shows us that you know how to handle your money. Late payments, especially a pattern of them, can really affect your loan application.
Your total debt and credit usage
- Why it matters: Debt doesn’t disqualify you from buying a home. Using a credit card doesn’t either! Controlling your debt and credit through making payments and spending within reason are great ways to show us that you’re responsible.
Bankruptcies or accounts in collections
- Why it matters: They make the loan process a little tricky, but it’s still possible to qualify for a loan with either.
Credit tip: Paying down balances and avoiding new inquiries can improve your score before applying. Want more personalized help? Talk with one of our LOs.
What Our Customers Say
5
Allison T W.
Jennifer and her team made it so easy and straightforward - as a first time home buyer I was very new, but she and her team were great!
4.83
Janet E P.
Her team was Eager to get things going and a fast approval
5
Melanie Eleene Y.
Derrick Brown made this process very easy. Very communicative and answered emails timely. Great
4.83
Sarah Elizabeth M.
Quick and friendly responses!
5
Jason James Y.
It was an easy process
5
Frances Maryann B.
Mike and his team made our first home purchase seamless! They were responsive, knowledgeable, and went above and beyond to make sure everything went smoothly!
5
Adrian V.
A pleasant and easy experience for a new homeowner. Explained everything clearly for us to understand. She was always available when we needed a question answered at any time even after office hours ,which is rare i will one hundred
5
Christopher M. L.
Casey Ledo was wonderful from beginning to end and made the entire process very stress-free! I highly recommend her!!!
5
Paula A. W.
Kept us informed, made the process easy and responded quickly if we had a question.
5
Jamie B.
Lori and her team are top notch. I have personally used them and have referred them many, many times! They are my go to for any mortgage need!