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
Michael H.
Chris was in constant contact over an extrememly long period time for a residential mortgage. His input helped us make the right decisions.
5
David K G.
Jennifer and her team came highly recommended for a VA loan and did not disappoint. They were very knowledgeable and helpful. This was the quickest real estate transaction I have ever experienced. We were able to go from the initial
5
Jennifer Marie K.
Jennifer and her team came to the rescue after we had to fire the other mortgage lender we had started our process with. Jennifer and her team made the home buying process quick and easy and took a ton of
5
Dawn M. G.
Tony keeps great communication with his clients. He gives weekly updates and calls to see if we have any concerns. Tony has great customer services
5
Rayne Ellen W.
Clear communication, very responisve and helpful with questions!
5
Johnna H.
We were in contract for several months on a condo, due to regulations after hurricanes Helene and Milton. Chris's weekly check-ins were encouraging even when the news wasn't good.
5
Douglas W.
Dave was always willing to run down questions and any scenario planning ahead of our close. And for a long time!! Was a fantastic experience.
5
Michael D.
Fast, Friendly, Professional Service.
5
George Michael P.
Chris was helpful with us every step of the way and made sure we were informed of what was happening with the progress of our loan. He stuck with us through it all!
5
Hovannes K.
I would use Joe over anyone else a million times over again. He is the best.