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Do Lenders Always Consider Credit Scores For a Loan?

By
Real Estate Agent with Keller Williams Realty, Luxury Home Specialist BRE#01431647

I get asked a lot of questions being in the real estate field.  The latest one was, "Do lenders always consider credit scores?"  I asked why because of the simple fact, there had to be more to the story like there always is...well, I was right, I could have guessed it, they had bad credit.

 

The answer is YES, they always consider credit scores.  Your credit score is very important in so many different areas of your life.  Even getting a job sometimes your credit score can come into play.  That is why it is so important to keep your scores high if at all possible.

 

If your credit needs repairing, I have a few lenders that actually help you resolve these issues so that you can purchase a home in the future.  So, if you have bad credit, what are you waiting for?  Give me a call today and I will put you in touch with some one that will help you for free.  And, everything is confidential.

 

Give me a call today 951-204-1864 or shoot me an email at calljoan4ahome@gmail.com.  You may visit my website so you can search the MLS for free as well.

 

Http://inlandempirerealestate.kwrealty.com

 

Thanks!

 

Joan Patterson, B.A., G.R.I., Realtor, License #01431647

Keller Williams Realty

951-204-1864

Posted by

Joan Patterson, B.A., G.R.I., Realtor, BRE License #01431647

Keller Williams Realty

8250 White Oak Avenue, Ste 102

Rancho Cucamonga, CA 91730

951-204-1864

The Legacy Group
CrossCountry Mortgage - Arlington, TX
The LegacyGroup of CrossCountry Mortgage

Credit scores also affect homeowners and automobile insurance rates, credit card rates and installment loan rates- and yes, they impact the rate you can get for a home loan, as well.

 

Great information!

Feb 19, 2013 07:28 AM
Kathy Stoltman
Ventura, CA
RETIRED

Hi Joan, I hope the lenders are looking at credit scores, etc., to weed out buyers that maybe risky.  Borrowers or buyers can always improve their scores.

Feb 19, 2013 09:03 AM