Get directions, maps, and traffic for Tacna, AZ. Check flight prices and hotel availability for your visit.
Your credit score is important, but it's only one factor in a mortgage application. A credit score (also called a FICO Score, so named for the company that provides the score used by 90% of lenders) helps lenders determine their risk in lending you money.Your history of paying bills on time and your monthly debts determine your credit score, which can range from 300 (worst) to 850 (best).our credit score is very important but it is only one factor in a mortgage application. Lenders also consider your income, employment history, your current monthly debts, the size of the loan and your down payment.
Your credit score is just one of the factors your mortgage lender will use to determine whether you qualify for financing. The problem is, every lender uses different methods to determine your credit worthiness. So, in some cases, a minimum score is difficult to determine for conventional loans.