Credit Scores

Credit bureaus use your payment history and credit utilization to generate your scores. Credit scores range from 300 to 800. For the purpose of obtaining a mortgage loan, higher scores are better.

Factors Used in Calculating Your Credit Score

Credit History - How long have you had credit?
History of Payments - Have you paid more than 30 days late, and how often?
Balances on Your Credit Cards - How many accounts? How much do you owe?
Inquiries - How many times have creditors pulled your credit report for the purposes of offering you financing?

Your Score Greatly Affects Your Interest Rate

Credit scores are used for determining whether you qualify for a mortgage. In addition, lenders give lower interest rates to individuals with higher scores.

Raising Your Credit Score

When there is an opportunity to raise your score, we will use our credit simulator that may identify ways to improve it.

Have questions about credit scores? Call us at 707-290-5167. We are here to help!

Mortgage Questions?

Do you have a question regarding a mortgage program?