Home Loans In Pueblo, Colorado 

Popularly known as America’s Home of Heroes, the city of Pueblo is the ninth most populous in Colorado. With 300 days of sunshine, the area is considered semi-arid desert land, which probably explains why Pueblo has a lower living cost than other major cities in Colorado.

Is homeownership in Pueblo on your agenda this year? Capital Home Mortgage can help make it happen. First, you must be approved for the right home loan. Your credit score will impact your chances of qualifying for the mortgage. 

Your credit score will help lenders decide if they’ll finance your home loan, but it can also influence the interest rate that you’ll get. If your credit score could use a boost, let’s quickly walk you through how to go about it. 

Credit Score Improvement Tips That Works

1. Put your recurring bills on autopay

Sometimes it’s hard to keep track of your bills and their respective due dates. It can lead to late or missed payments, which brings down your credit score. Enroll them into an autopay system to ensure you’re always paying your bills on time. 

2. Tackle revolving debts

An example of revolving debt is your credit card debt. You can continue to use the card up to the limit. It’s crucial to tackle these first because it impacts your credit utilization ratio. Your credit utilization will improve your credit score by paying down your revolving credit balances. 

3. Review your credit report 

Errors on your credit report may be causing your scores to drop. Perhaps you have closed an account, but it is still showing on the credit report as an open account. If you notice any issues, raise a dispute to rectify them as soon as possible. 

What if I need the home loan now, but my credit score is still low?

It will mostly depend on how low the credit score is. Some loan programs may be more accommodating than others when it comes to minimum credit score requirements. For example, FHA home loans can accept a credit score of 500, provided the applicant can make at least a 10% down payment. 

Another option is to get a co-signer to apply for the loan with you — preferably someone with a good credit record. Remember, your co-borrower may have a perfect credit score. Still, if there are two borrowers on the application, the lender must use the lower of the two borrowers’ scores to qualify the loan accordingly.

Lastly, you can leverage your assets and use them as security against the loan. Some lenders may be willing to accept this since an asset-backed guarantee mitigates lending risk. 

Pueblo, Colorado Mortgage Lender 

At Capital Home Mortgage, we understand that obtaining the right home loan is no walk-in-the-park for many people. We are committed to providing a streamlined, hassle-free home loan experience every step of the way. 

As a direct mortgage lender, we make all the decisions in the loan process, all the way through to the funding. It enables us to provide Pueblo home loans at competitive interest rates and lower processing fees. We also offer flexible loan underwriting and generally faster proper approvals. 

Apply For A Home Loan In Pueblo, CO

Apply for a mortgage now and get started on the path to homeownership. You may apply online or over the phone.

Call (303) 226-1177 to connect with our Pueblo mortgage specialists. We’ll walk you through the process and offer expert advice on how to secure the right home loan for your needs. 

Thank you for considering Capital Home Mortgage, and we look forward to providing your next home loan in Pueblo.