Financial IQFeatured August 19 2019

Don’t Let Credit Bumps Hold You Back

Your credit score will be one of the primary metrics used to determine if you qualify and what your loan pricing will be. When you apply for a mortgage, the lender will pull a credit report to evaluate your eligibility. When it comes to loans, your credit is your reputation as a borrower. It allows lenders to determine how likely you are to repay your loans.

While your credit is an important factor when considering homeownership, a common misconception is that you need perfect credit to buy a home. If you feel that your credit is an obstacle in your ability to purchase a home, our Homebuyer Solutions Group (HBSG) can help.

How Credit Impacts Pricing

Your credit score is made up of 5 types of activity:
  1. Payment History
  2. Debt Load
  3. Length of Credit History
  4. Credit Types
  5. Credit Inquiries

Now that you understand the aspects that make up your credit, try these tips to improve or maintain a good credit score:
  • Always pay your bills on time
  • Don’t exceed 50% of the credit line
  • Keep revolving accounts open
  • Avoid applying for credit with finance companies
  • Only apply for credit when necessary

Breaking Down Your Credit Score

It is true that a low credit score can hold you back from larger purchases like buying a home. However, you aren’t necessarily stuck with bad credit for the rest of your life. HBSG is equipped with a team of Mortgage Credit Specialists that are dedicated to helping you improve your credit in preparation for homeownership. The program is a complimentary service included with your Eagle experience. Ask your Loan Officer for additional information about HBSG.

Talk to Your Loan Officer

Your Mortgage Credit Specialist will:
  • Review your credit profile & provide guidance on how to improve your scores
  • Create a personalized action plan tailored to your needs
  • Stay with you throughout the process with regular communication & answers to your questions
  • Provide a Certificate of Completion and transition you back to your Loan Officer to complete the homebuying process

Learn More About HBSG

Search Results for query

October 30 2020

Do You Need a Long-Term Mortgage Rate Lock?

When buying a home, this rate-protection agreement can save you money.

Read More

October 21 2020

What is an FHA Loan?

For borrowers with tight cash or tricky credit, an FHA loan can be the answer. But not every situation is a good fit for these mortgage loans. Find out if one is right for you.

Read More

October 07 2020

Homebuyer Solutions: Making Dream Homes a Reality

Our Homebuyer Solutions Group helps successfully secure financing for homebuyers with credit challenges.

Read More

September 30 2020

20 Easy Ways to Turn Your House into an Autumn Sanctuary

Here are 20 cozy, simple ways to decorate for fall.

Read More

September 24 2020

Conforming vs. Nonconforming Loans

When financing your new home, there are just a few things you need to know about the types of loans you might be choosing from.

Read More

September 16 2020

Online Closing Options: Closing Faster, Smarter, Safer

Health concerns, purchasing out of state, or other life interruptions can make closing in person difficult — and that’s why we’ve created two new options for borrowers, our Eagle Express Close and Remote Digital Closing Experiences.

Read More

September 02 2020

6 Cheap and Easy Ways to Increase Your Home Value With Curb Appeal

There are several affordable, DIY curb appeal options to increase your home value that can get you some serious sweat equity.

Read More

August 25 2020

6 Pieces To Brighten Up Any Room

Lighting and fixtures we use in our homes can be utilized to reflect our mood and create ambiance. This can be done by understanding the types of lighting, how they can be used and what mediums they best compliment.

Read More

August 03 2020

Laura Escobar Named 2020 Woman of Influence

Eagle Home Mortgage President Laura Escobar has been named one of HousingWire’s Women of Influence 2020.

Read More

12345Last

Mortgage Calculators

Crunch the Numbers With Our Helpful Mortgage Calculators

Payment Calculator

payment calculator

Payment
Calculator

Affordability Calculator

affordability calculator

Affordability
Calculator

Refinance Calculator

refinance calculator

Refinance
Calculator

The Modern Digital Mortgage with a Personal Touch

Paperless. Effortless. Awesomeness TM

Simplify the home financing process with our Digital Mortgage. We'll be here to help navigate you through the entire process.

Get Pre-qualifiedWhat is a Digital Mortgage?