Don’t let less than perfect credit get in the way of buying a home

The saddest thing in the world is when you really want something but have already made up your mind that you’ll never have it. At least right now.

I run into this all the time in mortgage lending.

There are SO MANY PEOPLE who think that their credit won’t allow them to buy a home.

The worst part? Many of them are too embarrassed to even start the process. Or, they’re already certain it would never happen for them.

But I’m here to tell you - it does NOT have to be this way.

Yes, there are millions of people who qualify and get mortgages every year.

But there are MANY more people who need help getting ready to be “credit-worthy” to buy a home, and even more who could probably get a home with their current credit but don’t even try.

Let’s start changing this TODAY!

Here are 3 things I’ve learned after 20 years in mortgage lending. Please take these to heart or share them with a friend or family member who needs to read them:

#1 - Don’t Let Embarrassment or What Others Tell You Get In the Way

People who think they have credit issues are often too embarrassed to ask for help, or they’ve already accepted defeat.

There’s NO reason to be embarrassed to ask for help understanding your credit.

Talking to a mortgage lender about your credit is like talking to your doctor about your health.

There’s no judgement involved. Just analysis and a plan for getting better.

Believe me, there’s NOTHING in your credit report I haven’t seen or heard before.

Your scores are what they are.

Maybe you encountered a bad situation. Maybe had to help a friend or family member. Or, maybe you were never taught to how build & maintain credit.

Either way, your new path lies ahead but you’ve got to take the first step by making a call or reaching out for help.

#2 - You CAN Get a Loan Without a 620 Credit Score

Somewhere along the way, the American public has bought into the notion that a 620 credit score is required to buy a home.

Nothing could be further from the truth.

And, what you THINK is your credit score might actually be quite different in the eyes of a mortgage lender.

Here are a few facts that may surprise you:

  • Some loan programs allow credit scores down to 500
  • You do NOT have to be a verified renter
  • Low down payments & seller assistance are common
  • There are no income verification programs available

In short, everything you probably think you know about the mortgage business is probably wrong. But you’ll never find out for sure until you ask.

#3 -We CAN Show You How to Build Or Repair Your Credit

As we mentioned above, there are low credit score programs and all kinds of flexible financing options.

However, just about everyone could benefit from repairing or building up their credit scores to a higher level.

We work with borrowers on a daily basis to help put a plan in place to fix issues with their credit reports and help them start to build positive credit.

Sometimes the process goes quickly.

Other times, it takes much longer.

But that’s ok. I’m patient enough to stay the course if you are.

In fact, we just had one borrower close after 6 FULL MONTHS of working on their credit with me!

Was it worth it? You bet!

Things that are worth doing often take time. Don’t be embarrassed to ask for help and don’t let what your friends or family tell you keep you from getting the home of your dreams.

I’m here to help when you’re ready.


* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.