Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
Mortgage lenders rely on older, stricter FICO models that are more sensitive to financial risk compared to the scores shown on consumer credit apps.
Because these models weigh factors like collections and late payments more heavily, your score can often be 20 to 40 points lower when pulled for a mortgage.
Understanding this scoring difference is crucial for getting approved for a home loan and securing favorable terms in areas like Las Vegas or Henderson.
Read the full blog article here: https://www.iqratemortgages.com/blog/why-your-mortgage-score-in-nevada-is-lower-than-you-think
That great credit score you see isn't used for homes. I, David Ghazaryan, manage the real numbers lenders actually use. Lenders must use old, stricter FICO scores from three places. To raise your score fast, pay your credit cards down. Lenders ignore your highest and lowest scores, using the middle. My analysis continues on my platforms. See links in description.
Read Blog Here: https://www.iqratemortgages.com/blog/why-your-mortgage-score-in-nevada-is-lower-than-you-think
