Mortgage Loan With Low Credit Scores
One of the frequently asked questions we get daily from our viewers and potential homebuyers is what is the minimum credit score to qualify for mortgage. Mortgage loan programs often have minimum credit score requirements. There are instances where your credit scores determine how much down payment you need to come up with on a home purchase.
We realize how important your credit scores are when applying for a mortgage. Not only does your credit score determine your mortgage loan eligibility, your credit scores determine your rates. The higher your FICO, the lower your mortgage rates. A low rate can save you tens of thousands of dollars over the term of your mortgage loan term. We have helped thousands of homebuyers how to increase FICO. How to increase FICO to qualify for a mortgage can easily be done following our step-by-step instructions. However, it does take time to rebuild your credit and boost your credit scores.
Hiring Credit Repair Companies To Increase Credit For Mortgage
Our team can help potential homebuyers to boost their credit scores at no charge. You do not need expensive credit repair companies to do credit repair. Hiring a credit repair consultant can often do more damage than good. Whatever a credit repair does, you can easily do it yourself. One of the factors that halt and suspend the mortgage process is credit disputes. We can do loans down to 500 credit score, depending on the situation.
Credit disputes are not allowed during the mortgage loan process. Credit disputes need to be removed before the mortgage process can proceed. We will cover credit disputes later in this guide on how to increase FICO. Credit disputes can be devastating for homebuyers applying for a mortgage. We will go over in-depth how to increase FICO to qualify for a mortgage.