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Category — Credit Score

Understand your FICO Score, and the Role it Plays in Financing

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Your FICO score is an extremely influential number when it comes to determining whether or not you are eligible for mortgage financing. Your FICO score tells creditors, at a glance, whether or not you’re a good risk, and helps to determine whether or not they’re willing to dig deeper into your history to make a mortgage financing decision. Some mortgage companies won’t touch borrowers under a certain FICO score, while others have very strict requirements for credit histories with low FICO scores. 

August 25, 2009   Mark Morrison is a local mortgage expert in MD.  You can reach Mark toll free at 1-800-851-3730