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We are available to manage rentals if you are interested in listing properties for rent or lease.
Please note that when you are searching on our website you will get ALL of the listings that are listed with ANY local office. Our listings are all shared through the Southeast Alaska Multiple Listing Service and we are able to sell you ANY listing even if listed with another office.
FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile and assigns a score, which is used to estimate credit worthiness. Each of the three bureaus (Experian, Trans Union, Equifax) employs its own scoring system, so a given person will usually have 3 separate scores. Someone with a higher score will be viewed as a better risk than someone with a lower score. Typically, scores will range from about 600 to 700 or above, although some cases will be outside this range.
There are as many answers to this question as there are loan programs available. Most lenders will take the average of all 3 scores to evaluate an application. Niche loans, such as Easy Qualifier and low down payment loans will have higher FICO® requirements.
The FICO® model has 5 main elements:
Your score can only be changed by the way that item is reported directly to the credit bureaus (Experian, TU, Equifax). Written confirmation from the creditor is required. It is best to make these corrections before you try to purchase a home, because you can never be sure the exact impact a change will have on your score.
You should have your credit reviewed BEFORE you look for a home, and work with a PROFESSIONAL loan officer to make sure your loan is based on the most accurate information.
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Ketchikan, AK 99901
907-617-4374
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| www.ketchikanrealty.com | 907-617-4374 | jonna@ketchikanrealty.com |
111 Stedman St., Suite 101, Ketchikan, AK 99901
Copyright © 2016. Jonna Cragun, All Rights Reserved
©2024, Southeast Alaska MLS/SEAMLSS. All rights reserved.
All information deemed reliable but not guaranteed. Dimensions are approximate. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of members of the Southeast Alaska Multiple Listing Service (SEAMLS) and are provided here for consumer’s personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. All data should be independently verified.
Information last updated on 2024-03-28 13:30:02.