Mortgage basics: How does your credit score impact the homebuying experience?

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Understanding your credit score’s impact could help you be better prepared for the homebuying process.

When you apply for a home mortgage, in addition to your credit score, a mortgage lender will consider your income, employment history, current monthly debts, assets, rental payment history, the size of the loan and your down payment when evaluating their risk in lending you money. While your credit score isn’t the only factor considered, it’s a significant one. Learn more about the impact of your credit score on the homebuying process.

Learn more about the home loans that may be available to you.

Mortgages at U.S. Bank

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Equal Housing Lender

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.