Have Outstanding Credit? You Deserve an Outstanding Rate

Here’s a question you’ll want to answer for yourself if you ever apply for a mortgage loan: what’s my credit like? There are different ways of measuring your own creditworthiness, and the best way is to obtain your FICO credit score. These reports are a numerical representation of your credit history, a simple way for lenders to look at you and determine whether you can be trusted to repay a mortgage loan.

Understanding Your FICO Score

It is important to understand a FICO score and its implications. Your FICO score will fall somewhere on a spectrum, with 300 being the lowest and 850 being the highest. The better your credit score is—that is, the closer it is to 850—the easier it will be for you to apply for a loan, and to secure low interest rates in the process.

Generally speaking, a credit score of anywhere above 650 is considered to be reasonably good, and will probably land you a mortgage loan with no problem. Below that and you may have a little bit more of a challenge. On the flip side, what if your FICO score is significantly higher than 650? What if your credit isn’t just good, but truly outstanding?

Rewards for Outstanding Credit Scores

At Loan Fleet, we have a straightforward belief about this: if you build outstanding credit, you deserve to receive an outstanding mortgage rate—plain and simple. And that’s something that we can deliver.

We have elite mortgage rates that are available exclusively to those who have credit scores in excess of 740. For these individuals, loans may be available without the need for an appraisal. And though a 20 percent down payment is required, closing can be fast, straightforward, and convenient.

Get an Outstanding Rate

The bottom line: if you’ve worked hard to maintain a robust credit score, we believe you should be rewarded for it. And at Loan Fleet, that’s something we’re prepared to do. Learn more about these special rates by contacting a Loan Fleet rep today!