Mortgage Pre-approval

Credit scores range from 300 to 850 points, the higher the better. Average credit scores range from between about 660 and 720 and typically, a score above 680 will increase your chances of getting a loan, especially for a home. Your credit score can also affect your interest rate, the higher your score, the more likely you are to get a low interest rate.

One way to help maintain your ideal score is to keep your credit card debt at or below 35% of your available limit. It’s also good to keep in mind that having your credit pulled for credit card or auto loan applications could lower your credit score each time. So it’s important to avoid multiple credit pulls when considering buying a home.

Your credit score is a big factor when it comes to your mortgage, so call us at 865.604.9293 to set up your personal consultation.

A mortgage pre-approval not only shows that you’re a serious buyer and qualified to purchase a home, it will also speed up the loan process once you intend to buy. During your pre-approval, we’ll evaluate your financial health and your ability to qualify for a home mortgage loan.

We’ll review things such as your debt-to-income ratio, your down payment, your credit score, and more, to help you find the best available program for your needs.

Call us at 865.604.9293 when you’re ready to get started, most pre-approvals take just a few minutes.