Know Your Credit Score

Whether you know your credit score number or not—and whether it's high or low—your credit report is will impact what kind of loan and mortgage rate you're able to get. The three major US credit-reporting agencies use a range from 300 to 850 as a credit score. A higher score can often help you qualify for better rates.
 
But it's not just about your credit score. When deciding whether to make a loan, we evaluate the 4 Cs:

Capacity to pay back the loan. We look at your income, employment, savings, and monthly debt payments, to make sure that you can take on a mortgage comfortably. Capital. We consider your readily available money, savings, investments, properties, and other assets that you could sell quickly for cash. It’s important to have reserves. Collateral. We consider the value of the property and other possessions that you're pledging as security against the loan.

And credit. We check your credit score and history to assess your record of paying bills and other debts on time. Improving your credit score isn't an overnight fix. Start by paying any past due bills, paying all your upcoming bills on time, and keeping your credit card balances below 30 percent of the credit limit.
 
Under federal law, you are entitled to receive one free copy of your credit report from each credit-reporting company every 12 months. Take advantage of this. This is provided for general information only.  We're not a credit counselor.  For information specific to you, consult a licensed credit counselor or your financial advisor.

  • We have a loan program that meets your financial needs.

  • We know that only one thing really matters to you - being approved for your loan.

  • And that’s why you will think we’re number one.

  • Contact a member of our team today.