Mortgage Options When Credit Is a Concern

A lower credit score does not tell the whole story. Mortgage options depend on the complete borrower profile, the property, the transaction and the guidelines of the program being considered.

Start with the complete financial picture

Different mortgage programs evaluate risk differently. Credit history may be considered alongside income, assets, debts, down payment or equity, property type, occupancy and other underwriting factors. There is no single credit threshold that applies to every borrower and every program.

If your credit profile limits the options available today, a useful review can also identify what may need attention before moving forward. The goal is to understand the path, not make assumptions from one number. If the concern involves a past bankruptcy, foreclosure, short sale, deed-in-lieu, or another major event, review our mortgage options after credit events.