Credit score is one of the first things buyers worry about when they start thinking about a mortgage — and for good reason. It affects what programs you qualify for, what interest rate you receive, and in some cases how your entire application is evaluated. But the relationship between credit score and mortgage qualification is more nuanced than most people realize, and it’s changing.
This guide covers what you actually need to know: the minimums by program, how lenders use credit scores, what the difference between a credit score and a credit report really means, how your score affects your rate, and what’s shifted in the way conventional loans evaluate credit. [Read more…]
What Mortgage Program Is Right for Me? A Plain-English Guide to Your Options
First-Time Home Buyer Programs: Your Guide to Buying a Home in Washington State
