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Credit Ratings
Credit Reports
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1 of 3 Credit
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Understandably, many homebuyers worry about how their credit will
affect their ability to qualify for a mortgage. What’s my
credit score? How much
do they know? Will I be
denied a loan because I returned that video late?
Of course, that could never happen. Most people need not worry
about the effects of their credit history during the mortgage
process. However, if you have had credit problems, be prepared to
discuss them honestly with our Loan Specialist and come to your
application meeting with a written explanation. We understand there
can be legitimate reasons for credit problems in times of
unemployment, illness or other financial difficulties. If you had a
problem that's since been corrected and your payments have been on
time for a year or more, your credit may be considered satisfactory.
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