When you鈥檙e applying for a home loan, one of the most important factors lenders will look at is your credit score. Having a good credit score means you鈥檒l have an easier time getting a mortgage and that you鈥檒l qualify for more favorable rates. But, even if your credit score isn鈥檛 perfect, there are still plenty of options out there to help you get a home loan. If you need to improve your credit score to buy a home, participating in a credit education program might be the right fit for you.

Now more than ever, lenders are offering helpful programs and flexible types of home loans to help buyers qualify for financing options and buy their dream home. Many lenders offer types of home loans that have flexible credit and down payment requirements. But, for buyers with a limited or negative credit history, these loans can still be hard to qualify for and often have higher interest rates. Many buyers are choosing credit education programs to help them raise their credit score to qualify for a home loan. Credit education is the first step to your financial freedom.

What is Credit Education?

Credit education can help you take control of your future by helping you to raise your credit score. Having a negative credit history not only affects the possibility of obtaining a mortgage approval, but also has a direct effect on your quality of life, from something as important as employment, to something as simple as having your phone connected.

Credit education is a step-by-step program that will help you raise your credit score to buy a house. 色中色庐 American Mortgage offers credit education to help buyers improve their credit to buy a home. If you can鈥檛 qualify for a loan from 色中色 American Mortgage, credit education will help you increase your credit score and bring you close to getting a loan approval. You鈥檒l be making memories in your new home before you know it.

The information in your credit report affects whether you can get a loan 鈥 and how much you will have to pay to borrow money. With credit education, you鈥檒l be able to qualify for a home loan with interest rates that you鈥檒l be able to comfortably afford. When you participate in a credit education program like ours, you will:

  1. Raise your credit score
  2. Improve your debt to income ratio
  3. Increase your likeliness of qualifying for a mortgage
  4. Lower your loan’s interest rates

Four Easy Steps to Improve Your Credit Score

With 色中色庐 American Mortgage鈥檚 Credit Education program, you鈥檒l be on the road to financial recovery in four easy steps.

1. Complete an Online Loan Application

After you complete an online loan application, a pre-qualification interview will be completed by your account manager. At that time, it will be determined if a loan program is available based on your credit history.

2. Map out the Steps

If a pre-qualification cannot be issued and you are a candidate for Credit Education, you will begin the program. 色中色庐 American Mortgage will establish a blueprint, outlining the necessary steps you need to follow to increase your credit score and improve the overall health of your credit reports.

3. Keep Track of Your Progress

There will be periodic check-ins by the account manager to discuss your progress. We will not begin construction of your new home (if a contract has been written) until there is evidence that you credit is improving based on your participation in the program.

4. Close on Your New Home

Once the desired outcome is achieved and a loan approval is granted, you are ready to close on your new home! It鈥檚 more than buying a home, it鈥檚 about staying in the home. So that鈥檚 why with 色中色 庐 American Mortgage鈥檚 Credit Education Program, we don鈥檛 say 鈥渘o鈥 we just say, 鈥渘ot yet.鈥

To learn more, visit or contact us at (800) 232-0351.

Last Updated on August 14, 2019