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Community Mortgage C o r p o r a t i o n
Credit Repair |
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Obtaining a home loan primarily depends on one thing - Your Credit Score. Your credit score depends on how you have conducted your financial dealings over time. Right now the minimum credit score acceptable for a home loan is 620. Other things may also effect your ability to get a home loan. |
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As you can see, the way you pay your bills (payment history) and the amount you owe affect your credit score much more than credit history, how much available credit you have used, and the number of inquiries made on your credit report.
If you have a high credit score, you generally have no problem obtaining a home loan at the lowest rates. Lower than minimum scores will present a problem for you with most lenders. This is why having a knowledgeable lender is so very important. In many cases, we have been able to suggest methods of improving credit scores. Sometimes only time and coming up with a credit repair plan can help. This is our business and we're good at it. Our loan officers can help you with all your questions regarding your credit and obtaining a home loan. |
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Corporation, 1989 - 2006. All Rights Reserved
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Equal
Housing Lender