If you ever plan on buying a house or car, then having good credit is essential!
Most people will need to borrow money or finance so that they can have the American Dream.
Repairing Credit and USDA Loan Credit Requirements:
In order to be approved for financing, you will need a stellar credit history. lenders are looking to see that you are able and willing to pay back your loans.
If you have less than perfect credit; here are 6 quick steps on repairing credit. In addition to these steps, USDA Loan Info created an all-encompassing guide. We answer the question, “What Is a USDA Loan?” In 10 easy to read sections.
Summary of USDA Loan Credit Requirements:
- In order to repair your credit and become a homeowner, you are going to have to get a copy of your credit report to review for errors.
- After you have found any errors then you have to dispute them to get it taken off.
- Pay down your high accounts back down to your limit and pay off any past due accounts.
- The best way to build up your credit is to get a new credit card
- If you want to learn more about repairing your credit then check out our free eBook.
USDA Loan Credit Requirements and the Mortgage Calculator
In addition to the information presented above, we would like to provide all of our friends and clients with the ability to calculate their very own mortgage rates:
