How Does my credit score impact my loan?
Lenders use credit scores to determine:
Who qualifies for a loan
At what interest rate
What credit limits
typically, credit scores will range from 300-850.
fair to excellent credit scores will range from 300-850.
there are many benefits to having a fair to good credit score
You’ll pay less for your home overtime
Borrow money at a lower interest rate
However, you don’t need a high credit score to qualify for a home loan
Some LH Lending programs require a minimum score of 580 to qualify.
Talk to your local LH Lending Loan Officer today about your path to home ownership!
Just a phone call or click away! Visit LH Lending today
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This post was written by master