Lenders will use a combination of credit scores, income, job and residential stability in determining loan eligibility. No one thing can guarantee a customer an approval. Instead lenders will use a combination of this information in making their loan decision. For example a lender may turn down a customer with a high credit score but minimal job time and minimal trade lines yet approve a customer with a low credit score but good job history and established lines of credit, even if derogatory credit exists on their credit file. The pre-approval process is simple. By completing a free customer profile assessment and with pertinent applicant, residency and income information our consultants can help inform you as to which homes and loan programs you will most likely qualify.
“What You Need To Know”Henry Hernandez