About My Credit

Is your credit as rocky as this Jeep Trail? What About My Credit? As I mentioned earlier, credit plays probably the most important role in mortgage financing. The better your credit, the better your mortgage terms. That's the way of the world. FHA & VA Zero Down loans are easier to get than conventional ZERO DOWN loans. That's because those investors do not use "credit scoring" in their underwriting formulas. I make many loans to buyers who may have some unpaid medical bills on their credit report, but they pay their rent & car payment on time. ZERO DOWN Conventional loans for "A" borrowers usually want a FICO score of at least 700. What the heck is a FICO score? It is a complicated mathmatical model of items identified on your credit report that turns the information into a score. Most people are between 620 & 680. Below 620 & we have some work to do. Above 700 & you can have any kind of loan you want with ZERO DOWN PAYMENT! Call me at 505-249-4506 with your full legal name, address, date of birth, & social security number & we can pull yours. Better yet, get your bank statement, paystub, & w-2 & bring them by & we'll look at your whole profile & see how much home you can buy.