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Lisa Coleman
RMLO NMLS 219238
c: (281) 910-8114
p: (281) 993-5200
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105 Hunters Lane Ste. 106,
Friendswood, TX 77546
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FICO Score

Important to Home Mortgage Loans

Information about how your FICO score is calculated. If you have any questions concerning the home loan process, please contact your Premier Home Mortgage Loan Expert who is on standby ready to assist you with your home mortgage needs.

How does the FICO score work?

When you apply for a mortgage, the prediction of your credit performance is measured by a numerical score. Although there are slight differences among the systems used by major credit reporting agencies, the FICO model is the most popular. The FICO scoring system was developed by Fair Isaac and Company, with the goal of filtering out non-relevant factors, such as race or gender. This single rating score sums up your credit history, projecting the likelihood of meeting future payments and indicating your level of credit risk. Higher scores indicate a better credit risk . These scores not only may qualify you for a mortgage, but possibly better mortgage rates also. As with the other major scoring models (BEACON and EMPIRICA), FICO takes into account the statistics available in your credit report. Each item of data is assigned a weighted value, resulting in a single score that ranges from 300 (low likelihood of repayment) to 850 (high probability of repayment).

A typical rating for a home buyer might fall within the range of 600 to 800. These credit scores particularly evaluate:

  • Payment History - Have your payments been timely?
  • Credit Card Balances - What balances do you still owe?
  • Credit History - What credit have you maintained and for how long?
  • Credit Types - What type of credit have you obtained?
  • Credit Inquiries - How often have you had your credit checked?

As most of these factors cover a timeline of credit history, there is not much you can do to change your score at the time of applying for a mortgage. However, you can begin to monitor your credit rating, know what your score is and ensure that the history is correctly recorded.

For information and tools to help you, Fair Isaac has created a web site (www.myFICO.com ) that lets you access your FICO score from all of the three major reporting agencies (Equifax, Experian and TransUnion), along with your credit report. The FICO site and each of these reporting agencies’ sites (http://www.equifax.com , http://www.experian.com , and http://www.transunion.com ) offer services to help you determine the best way to impact your FICO score. When you have access to pertinent information, you will be in a better position to obtain the optimum mortgage available to you.

Residential Mortgage Loan Originators

My Premier Nationwide Lending team is built upon a reputation for excellence in client service, extensive industry experience and a dedicated commitment to our clients. My expertise in the mortgage industry and forward thinking approach allow me to adapt and rapidly respond to market changes that affect you. In doing so, I am able to offer a high level of service and provide a variety of home loan products to suit the needs of every homebuyer.

While I have available all of the typical loan products such as FHA, VA, Conventional and USDA and many Down Payment Assistance products, where I differentiate myself from other Mortgage Loan Officers, is by staying focused on providing excellent client service.

As a dedicated mortgage professional, I will be there for you every step of the home buying process. From selecting the right home loan product that suits your life stage and financial means, to providing real-time loan status and communication between you, your real estate agent, the title company and my office, to being able to answer all of your questions during the life of your mortgage, I am committed to making you feel you are my #1 priority!

Exceptional client service makes a difference! During my career, two key driving forces have consistently produced exceptional client experiences: hard work and always doing the right thing. Clients appreciate when you exceed expectations and doing the right thing always wins in the long run. In addition to those two main components, is an understanding that trust is earned and a deep level of industry knowledge is crucial to the foundation of how my business operates. I am proud of the many client Testimonials I have received throughout my career.

I am always here to answer your questions and be of any assistance as you look at different possibilities and opportunities…don’t hesitate to call me anytime. I want you to have an excellent experience when buying the home of your dreams and I strive for excellence in making this a reality!


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