Understanding Your Credit
Your credit score plays a big role in which loan programs you qualify for and the rate you're offered. Here's how it works.
Where does your score fall?
Typical minimum credit scores.
These are general industry guidelines, not a guarantee — as a correspondent lender, we underwrite in-house and can often work with borrowers outside these ranges. Your loan officer can confirm exactly what you qualify for.
3 ways to strengthen your credit.
Pay down revolving balances
Keeping credit card balances low relative to your limits is one of the fastest ways to improve your score.
Pay everything on time
Payment history is the single biggest factor in your score — even one missed payment can set you back.
Avoid new credit inquiries
Hold off on opening new credit cards or loans in the months before you apply — new inquiries can temporarily lower your score.
When you're ready to buy.
Apply online
A local loan officer will review your information and give you an estimate of what you could spend on a home — without affecting your credit.
Get expert help
Ask about first-time homebuyer programs, down payment assistance, and other options you may not know you qualify for.
Find your home
Your local team stays with you at every step — answering questions and helping you land the right loan for your situation.
