The browser you are using is not supported. Please consider using a modern browser.

Skip Navigation

Search here to get answers.

See Your Potential

The home of credit potential.

The most important thing you can do to get approved for the best possible rate on your mortgage is to raise your credit score.

Credit Score
620
Interest Rate
7.00%
Monthly Payment
$2,751
Same 30-YR Mortgage
$384,000

Explore the FAQs below to learn more about how CreditXpert may help you

FAQ #1 Qualification
How does my credit score impact

my ability to qualify for a home?

Your credit score is one of a few things that will be considered when you apply for a home loan—however, it’s a very important factor. Other things that go into the decision are your income, debt-to-income ratio, and the loan-to-value comparison. The minimum credit score you need depends on the type of mortgage you want.
Below are the most popular types of mortgages.*

* CreditXpert has no involvement with any lender loan or pricing policies, and does not generate loan underwriting recommendations or decisions through its products or services.

Credit Score
Down Payment
Loan Limit
FHA Loans
A government-backed mortgage loan where the minimum downpayment depends on whether your credit score falls within one of these two ranges. Loan limit is $647,200 in most areas, but up to $970,800 for high cost-of-living places like the Bay Area or New York City.
VA Loan
Available only for veterans and and current service members. No down payment is required.
Conventional Loan
This is the most common type of loan that usually has the lowest interest rates.
Jumbo Loan
If you need to borrow more than $647,200 you may consider a jumbo loan. You will need a credit score of 680 or higher and many lenders also have higher down payment minimums, often around 20%.
See Your Potential

FAQ #2 Afford your home
How does my credit score impact
the affordability of my home?

Borrowers with better credit scores pay less—period. When you have a high credit score, you’ll very likely receive a lower interest rate.

If you have a 30-year loan, that could save you tens of thousands over the life of the loan. Let’s say you have a $250,000 mortgage with a 5% down payment and a 30-year term.

Here’s how the difference could play out.

  • 4.99% Interest rate
  • $1,609 Monthly payment
  • $279,107 Total interest paid

If you have a 660 credit score, your interest rate would likely be about 4.99%, and you'd pay $279,107 in total interest over the life of the loan. * These scores and rates are estimates/probabilities, and not certainties.

vs.
  • 4.375% Interest rate
  • $1,498 Monthly payment
  • $239,2287 Total interest paid

If your credit score increased to 740, then your interest rate could fall to about 4.375%, and you'd only pay $239,228 in total interest over the life of the loan. * These scores and rates are estimates/probabilities, and not certainties.

Savings per month $111/mo*
Savings over the life of the loan $39,879*

FAQ #3 Different Scores
My credit score already looks
good. Why should I do anything?

Credit scores seem like they are everywhere these days. Your bank or credit card company likely updates you on your credit score and there are many free sites that allow you to track your score.

But what most don’t understand is that the scores you get from your bank, or a free site are NOT the same scores your mortgage lender uses to determine whether you qualify. In fact, most find that the score they have been tracking is higher than the score their mortgage lender relies on. Regardless of what scores you have been tracking, the steps we provide could help applicants increase their scores when it actually matters– saving thousands of dollars over the life of the loan.

Consumer Score
Smarthpone displaying a 760 score on a blue gradient background.
Score that you see
Mortgage score
White outline of a financial institution next to a 710 score
Score your Mortgage lender sees
CreditXpert Score
Friendly female user avatar next to a 780 score on a pink and purple gradient background.
Your credit potential
See Your Potential

FAQ #4 Data-driven Plans
Should I just start paying down 

my balances to fix my credit?

No! If you don’t know what you’re doing, you could likely end up hurting your credit instead of helping it.

Credit scores are complicated and there’s a science to raising your credit score. Since our founding, our predictive analytics engine has processed nearly 1 billion credit records. As a result, we can help you know your potential and what it will likely take to reach a target score.

FAQ #5 Fast Results
Improving my score will take
a long time, right?

Not necessarily. Last year, we helped more than 900,000 consumers and found that 73% of applicants could improve their credit score by 20-points or more within the same 30 days it typically takes to get your mortgage to the closing table.*

* Results are based on the most recent Credit Mortgage Potential Index and the improvement potential for applicants over the last 30 days.

73%
of applicants could improve their credit score by
20 pts
or more within just
30 days
See Your Potential

FAQ #6 How We're Different
What is the difference between credit repair, credit counseling, and CreditXpert?

CreditXpert is completely different. We’re about helping every mortgage applicant achieve the highest mortgage credit score possible.

Credit repair or counseling are different, and provide assistance to consumers who need help with credit disputes or improving their overall relationship with money. CreditXpert, on the other hand, uses artificial intelligence to show you the most likely path to a higher credit score. Whether it’s paying off a loan, opening a new card, or even requesting a balance increase, we have actionable steps you can take, often in 30 days to increase your score.

CreditXpert
"Good news! It looks like you are 97% likely to increase your score by 40 points in 30 days if you follow this custom CreditXpert Credit Improvement Plan."
"Just opened the plan and it looks like if I use $1,543 to pay down a few cards, I’ll reduce the interest I’m paying on them and qualify for a lower mortgage interest rate!"
Mortgage Lender
Likely to increase
Applicant
Likely to increase
< 30 days
vs.
Credit Counseling or Repair
"With a 480 credit score, you’re 
a long way from being able to purchase a home. But let’s start with a plan to help you better manage your money?"
"So . . . you’re saying that selling my Mercedes and clearing up some of my delinquent accounts will get me going in the right direction?"
Credit Advisor
Someone with Credit Issues
Credit Counseling
Up to a year.
Credit Repair
Takes more time and money.

See your credit potential.

Tell us what you’re looking to do and we’ll show you the potential we have identified for millions like you.

I am a...

I am planning to borrow...

I believe my credit score is...

Slide the tab to your score range.

620 - 639
Please select from the options above

CreditXpert is not affiliated with or endorsed by Experian (EXP), TransUnion (TU), Equifax (EFX) or FICO. Unless otherwise specified, assessments of score change causation and impact, and any score change predictions are produced by CXI and not by FICO or any credit bureau.