How is my credit score used to determine my credit worthiness for a mortgage?
Credit Score plays an important role in determining credit worthiness as it is an indication of a borrower’s willingness to repay. The criteria we review includes but is not limited to: payment history, utilization of available credit, credit inquires, and length of credit history. There is minimum FICO score requirements and those vary depending on transaction type.
Please reach out to Real Estate Lending for additional information at 888.800.3328 (Option 3), Monday through Friday, 8:30 a.m. to 5:30 p.m.