Your credit is one of the first things a lender looks at, and understanding it puts you in a stronger position. Here is what shapes your credit, the difference between your score and your report, and a few simple ways to keep it healthy before you apply.
Paying on time, the single biggest factor.
Balances measured against your available credit.
How long your accounts have been open.
Recent inquiries and newly opened accounts.
The range of credit types you manage.
A single number that lenders use as a quick snapshot of how you manage credit. It moves over time as your habits and balances change.
The fuller record behind the score: your accounts, balances, payment history, and recent inquiries. It is worth reviewing for errors before you apply.
Even small balances matter. Consistent, on-time payments do the most over time.
Using less of your available credit generally helps. Paying down revolving balances can move the needle.
Review it for errors and address anything that looks off well before you apply.
Wondering how your credit affects your options? Reach out and we will review where you stand and what it means for your plans, in plain language. A licensed member of our team will follow up.
Start a conversationInformation here is general and educational. It is not financial, legal, or lending advice, and it is not an offer of financing. Credit scoring models and lender criteria vary, and how any factor affects you depends on your full profile. Any figures are illustrative only. All financing is subject to lender review, property review, and supporting documentation. Submission of a form does not guarantee approval or financing.