Need to Qualify for New Home Loan, but not ready to have your credit run?

Before You Apply for a Mortgage, get to know your credit report.

You may have been told you can get access to your credit for free. but where do you get that information without selling out your personal information to spammers or get up-sells for additional credit monitoring services?

A: Go to – “The only source for your free credit report. Authorized by Federal Law,

Review your credit report and fix any errors that may arise such as wrong names, addresses, social security numbers or even wrong credit accounts by contacting the the credit bureau.

Want to get an idea of where your credit score sits, but again not ready to have your credit run by a loan officer? Free credit monitoring services like Credit Karma, Credit Sesame and Quizzle work with the three credit bureaus to simulate a ballpark credit score.

Some qualifying standards for a mortgage have gone up, but that doesn’t mean you can’t get into the home of your dreams. To streamline the process and to put your best foot forward, here’s what you should do before you apply for a mortgage:

  1. Know your credit score. Request credit reports from all three major credit bureaus, since the information can vary. Work on correcting any inaccuracies or discrepancies between credit reports.
  2. Manage your debt. “With some exceptions, most lenders want to see a managed balance of about 10 percent of the total available line of credit,” says Gloria Shulman, a mortgage broker and founder of Centek Capital in Beverly Hills, Calif. No need to get rid of credit cards altogether, just use them responsibly and make payments on time.
  3. Manage your expectations. It’s easy to want the large home with amenities aplenty. But it might be too much home, with a price tag that you can’t afford. Before you fall in love with a home that lies beyond your price limits, first find out how much you can afford to borrow, in this accompanying article here in our Resource Center.
  4. If you have already applied for a loan, don’t change anything in your financial profile. One reason potential borrowers are not approved for mortgages is that they have changed jobs or apply for new credit cards, says mortgage broker Greg Cook, of Golden Empire Mortgage in Temecula, Calif. Wait until after you loan is approved.

Start with these steps and open up some dialogue with your loan officer and real estate agent to help you get ready for your New Home Purchase,

New Home Info Request
  1. Immediate Move In0 - 45 Days45 - 90 Days90+ Days
  2. YesNo
  3. YesNo
  4. YesNo
  5. Purchase Price Range?
  6. How many Bathrooms?
  7. How many Square Feet?


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Feel free to answer the questions above so I can see what new homes may be available in the Las Vegas Valley. Then get you started on your voucher