• What credit score do I need to get approved?

  The minimum credit score requirement depends on the type of loan you're applying for — some loan types, like FHA loans have a lower credit score requirement, sometimes as low as 580. Conventional loans required a minimum of 620. The best way to find out for sure is take about 15 minutes and complete the 5 steps to apply. Even if you're not quite ready yet, you can see exactly where you're at without investing a ton of time.Featured

• What is a hard credit check?

  Your credit history is checked any time you apply for credit. In order to be accurate upfront and avoid changes after, we prefer to perform a hard credit history check, which typically has a small impact on your credit scores. However we do not do a hard credit check until you're ready to lock or need a pre-approval.Featured

• Will applying with Beeline affect my credit?

  Before finishing your application, we review your credit history. We perform a soft credit check at this stage which does not impact your credit score. We do need to perform a hard credit check later in the process, once you're ready to get a pre-approval or lock a rate.Featured

• Is my credit score too low to apply?

  When it comes to applying for a loan, your credit score is just one factor we take into account along with things like your income, assets and debts. The minimum credit score actually depends on the type of loan you're applying for. The best way to find out for sure is take 15 minutes (give or take) and complete the 5 steps. Even if you're not quite ready yet, you can see exactly where you're at without investing a ton of time.Featured

• How do you choose which credit score to use?

  We check the three major credit bureaus — Experian, Equifax and Transunion, and use the middle of the three scores. If you have a co-buyer, we use the lower of the two scores.Featured

• How do multiple credit checks work?

  If you're applying and shopping around for a mortgage with a few lenders, your credit score will only be affected once by a hard check in a 45-day period if the lender is relying on FICO scores. However if Vantage Scores are used, then it is only a 14-day period. So the credit bureaus recognize that you're shopping for mortgage credit when they see you applying for the second or third time and won’t keep nibbling away at your credit score within these windows of time. We don't run a hard crediFeatured

• What happens to the credit score if I’m buying with a co-buyer?

  If you are buying with a co-borrower, we use the lower of the two scores. For this reason, if you’re not relying on the second person for some of the down payment or income funds, it may make sense for the person with the better credit score to apply. That way you can have more favorable loan terms. Even if you do it this way, you can still have both names on the title.Featured

• How does my credit score affect my home loan?

  Your credit score can affect your home loan because your credit history together with other aspects of your financial profile, helps a lender to assess whether you’ll be able to comfortably afford to repay what you borrow. A higher credit score makes it easier to get a lower rate and vice versa, which can make a big difference over the life of the loan.Featured

• How can I get my credit report?

  You can request your credit report from a free Federal Trade Commission resource ftc.gov/faq/consumer-protection/get-my-free-credit-report. You can also request it directly for free from Transunion, Equifax, or Experian. As a borrower, you can request a copy of the report we use to make our decision — just ask your Loan Guide for a consumer copy.Featured

• What if I think my credit score is incorrect?

  If you think your credit score is oncorrect, contact the credit bureaus directly. Equifax: 1 866-349-5191 equifax.com TransUnion: 1 800-916-8800 transunion.com Experian: 1 888-397-3742 experian.comFeatured

• What if I don't recognize a credit line that's listed on my report?

  It’s pretty normal that some lines in your credit history are difficult to recognize, but if after reviewing, you feel there is an error, contact your Loan Guide and they will help address the problem, as the error could be affecting the loan and rate you can get.Featured

• I don’t like entering my social security number online, can I call you with that information?

  Sure! You can call us at (214) 239-1801.Few readers

• How will pulling my credit affect my score?

  Before finishing your application, we review your credit history. We perform a soft credit check at this stage which does not impact your credit score. This way we can see what loan options you might qualify for. We do need to perform a hard credit check later in the process, once you're ready to lock a rate and get a pre-approval.Few readers

• Why is the credit score you show different from what I see when I look mine up?

  The credit score shown by us may be different from the credit score you look up because there are different scoring models for different credit vendors. Mortgage lenders have a different model than auto or credit card vendors, and all models are different from the consumer version which you have access to. For more detailed info visit www.myfico.com.Few readers

• Why do you need an explanation for the cash I'm taking from this loan?

  The loans we work with need that info for reporting purposes. For example, cash taken for home improvements is used as an economic growth factor.Few readers

• Can’t you give me a quote without a credit pull?

  We can give you a best guess but it is much more accurate for us to do a soft pull of your credit to see what you qualify for and provide some rate options.Few readers

• What happens if I don’t have a credit score?

  Unfortunately, we need something showing credit scores.Few readers

• Do collections on my credit report disqualify me?

  Collections listed on your credit report do not necessarily disqualify you. The loan programs we use review your credit history and determine eligibility based on your whole profile.Few readers

• Will late payments on my credit disqualify me?

  Late payments listed on your credit file could impact your qualification, especially if they are on mortgage payments. Talk with a Loan Guide if you have concerns - they can help you out.Few readers

• My current address is different from my credit accounts, which address do I enter?

  Enter your current address — if you’ve been there less than 2 years, we’ll ask for your former address. This should give us enough information to match you up with your credit profile.Few readers

• Do past civil judgments disqualify me?

  Past civil judgments won't necessarily disqualify you, all we need is confirmation that they’ve been paid and a note explaining the circumstances.Few readers

• What is a soft credit check?

  A soft credit check is an inquiry into your credit report that does not impact your credit score. We use this type of check when you first apply to see what loan options you might qualify for. At Beeline, we want to make sure we have the right loan options to suit your needs before doing a hard inquiry on your credit.Few readers