The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

A potential homebuyer is sitting at a desk, reviewing their credit report with a concerned expression. Papers and documents related to home loans are scattered on the table, including a visible credit score report with a lower-than-ideal score. A mortgage loan officer is standing nearby, offering advice and support, symbolizing the collaborative approach to improving credit and navigating financial hurdles. The atmosphere suggests a professional but hopeful tone, with natural lighting in a clean, modern office space. The image captures the emotional moment of seeking guidance when facing credit challenges in the homebuying process

How to Buy a House Even with a Low Credit Score: The Real Story

By Scott Sheldon / October 29, 2024

When thinking about homeownership, many people assume their credit score is a barrier. The reality, however, often extends beyond just your credit score. Concerns like not having a sufficient down payment, limited savings, or carrying significant debt such as car loans or credit card balances often cloud the full picture. If you’ve been told by…

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