credit score

Is a low credit score keeping you from getting a mortgage during COVID-19?

     
Is a low credit score keeping you from getting a mortgage during COVID-19?

Credit scores are a pivotal part of the home-buying process. Not only does your credit score determine if you qualify for a loan, but it also determines your mortgage terms, most importantly, your interest rate. 

First-time homebuyers often jump into the process of looking to buy a home without really knowing where their credit scores stand, or what the credit score requirements are for a home loan. It turns out that last year’s average FICO® Score was 706, considered to be a good score of creditworthiness.

Continue reading Is a low credit score keeping you from getting a mortgage during COVID-19? at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

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About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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