What’s Your FICO Credit Score?
Every lending facility uses basic guidelines to determine your credit worthiness, including your FICO credit score. Upon reviewing your mortgage application, you’re given a credit grade and score and a determination regarding your home mortgage loan approval or denial.

In the mortgage lending industry, if you’ve fallen behind on your credit cards or other loans or your history shows a foreclosure, bankruptcy, or auto repossession, it may be harder to get a loan, but Don’t worry, The Joe Metzler Team may be able to help. You may still qualify for a mortgage loan that helps you consolidate debt, make home improvements, buy a new home, refinance your existing home, put your kids through college, or get cash for any reason.

Here are some general criteria used within the lending industry. Have bad credit?  Each one of these credit grades CAN get a mortgage loan. As you go from "A" to "D", your interest rate will rise, and the minimum down payment (or equity in the home for refinance) will probably rise.

There are no hard-and-fast rules for determining your specific credit grade.  Each lender’s criteria may vary slightly.  Call me today, I'll do a no cost, no obligation, pre-qualification.  You may just be surprised at what you here!

CREDIT GRADES, and basic credit profiles

A	Impeccable - 740 score +	On time payment on all obligations. NO late mortgage payment. Never any Bankruptcy or foreclosure.
A - minus	Great (720 - 740 score)	On time payment on all obligations. Maybe a little too much debt. One or two 30 day late payments a few years ago on revolving credit or installment loan. Never any Bankruptcy or foreclosure.
B+	Good (700 - 719 score)	One or two OLD 30 day late payments, no more than one 60-day late payment on revolving credit or installment loan. Bankruptcy or foreclosure has been discharged or settled over 4years ago with excellent re-established credit.
B	OK (680 - 699 score)	Minor blemishes in the last 4 years. A few OLD 30 days late payments, a couple of OLD 60 day late payments. A 30-60 day late only once on a mortgage payment. Bankruptcy or foreclosure has been discharged or settled at least 4 years with some re-established credit. Very likely too much debt. High balances on credit cards
C	Weak (620 - 680 score)	Blemishes in the last 2 years. A few fairly recent 30 days late payments, a couple of OLD 60 day late payments. A 30-60 day late only once on a mortgage payment. Bankruptcy or foreclosure has been discharged or settled at least 2 years with some re-established credit. Very likely too much debt. High balances on credit cards
D	Poor (below 620 score)	Disregard for timely payments. Recent late payment activity, collections, bankruptcy, foreclosure. Unlikely to qualify for a home mortgage loan

MN and WI Home Loans, Mortgage Rates,  and Closing Cost Information - 3 Easy Options

Option 1) Call the Metzler Group at Mortgages Unlimited at (651) 70-LOAN1 (651-705-6261). Speaking with a live experienced Loan Officer is easily the best way to apply, or to obtain an accurate interest rate quote and a Good Faith Estimate of closing costs.

Option 2) READY TO APPLY ONLINE? Our Secure Online Mortgage Application is available 24/7. Mortgages Unlimited does not charge an application fee to apply, and we will only move forward with your permission.

Option 3) WANT JUST QUICK QUOTE? Complete the Online Mortgage Rate Quote Form. This option allows Loan Officers the opportunity to research current interest rates and programs, then get back to you