Make no mistake about it, your credit score is crucial to getting a home loan and the best mortgage rate available.
- 520 = VA maybe
- 580 = FHA maybe
- 620 = Conventional maybe
These are the floor limit FICO scores on home loans. If you are at the lowest then you will need compensating factors.
Compensating factors = more money down.
The truth is that if you put enough money down then the loan is not very risky and you are more likely to get approved.
If you are needing to better your credit then Chris Dominguez and Lee Duran have methods and professionals that we can utilize and or send you to. Many times people come to us with challenged credit and we are able to correct many inaccurate issues from our software programs and knowledge of the credit industry. If we are not able to fix it ourselves then we have people that we send our clients to.
Here is a little life hack that we have figured out, If you deliver a lot of customers to a business the business tends to treat your customers better because you are a large stream of revenue. Chris Dominguez and Lee Duran run a high producing loan officer team in Southern California and because we send a lot of clients to credit repair companies our clients tend to get top notch treatment. Chris Dominguez and Lee Duran have a simple philosophy… ” We want to be your Loan Officer for life, not just this transaction”. The loan business is a competitive business and like any competitive business customer service is the key. Chris and Lee work hard to get you the best mortgage rate available and always remember that they work for you.
