Credit Score

A credit score is a 3-digit number within a range of numbers between 300-850 which indicates your ability to repay a loan as agreed with a lender. The higher the credit score number the more likely you are going to be approved for a credit card, loan or mortgage. Using credit means you’re borrowing money to buy something today, which you’re going to be paying for over time at a later date.

To establish credit you must be approved for a credit card, car loan, student loan or lender who reports your payment activity to any one of 3 Credit Bureaus, Equifax, Experian or TransUnion. The credit bureau’s record your payments from the lender (creditor) which creates a credit score.

Building and maintaining good credit requires responsible money management. Paying your bills on time, keeping low credit card balances, and avoid buying unnecessary items will help you maintain a good credit rating.

Good credit gives you the opportunity to experience the “American Dream” of home ownership. Once approved a monthly FHA, VA, USDA or conventional mortgage payment usually is less than a rental or rent-to-own monthly payment.

If you think your credit is less than perfect, please shoot us an email or text. We work closely with mortgage lenders who will provide a free credit report to you and offer suggestions if your credit score needs a boost for mortgage loan approval.

We’re committed to making the “AMERICAN DREAM” your success story.

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