HOMEBUYER CREDIT GUIDE
Credit and Buying a Home
Credit is one part of the mortgage picture. Learn what to review before you apply and how to prepare for a more productive financing conversation.
Apply Now →Start with your credit reports
Review your credit reports early enough to identify possible errors and understand the accounts that appear on them. Avoid making major credit changes simply because you are planning to buy; ask how a change could affect your mortgage profile before acting.
Credit score is not the only factor
Mortgage qualification can also depend on income, assets, debts, property type, occupancy, loan program and other underwriting requirements. Different programs and lenders may use different criteria.
Build a stronger application
Pay obligations on time, keep documentation organized, avoid taking on unnecessary new debt, and preserve cash for the down payment, closing costs and reserves.