Real Estate
February 22, 2018

10 ways you could hurt your credit while getting a home loan

Scott Sheldon is a local mortgage lender, with a decade of experience helping consumers purchase and refinance primary homes second homes and investment properties. Learn more at


Credit score for mortgage

The mortgage type that you can expect to qualify for would be an FHA mortgage or a VA mortgage. Some mortgage companies have a requirement called an “overlay” that requires a 10 percent Equity position. That is based on that individual mortgage company and that is not a specific guideline. If you’re told that you need 10 percent equity, pick a different mortgage company.

Is waiting the right move?

Lenders do not need your tax returns necessarily for a loan application unless required.