Credit Scoring Guide
Landmark Financial, LLC and other mortgage companies in the Cheyenne and Wyoming area use a credit scoring method to evaluate statistically the credit risk of a borrower generating a numerical score. The score is a number that rates the likelihood an individual will pay back a loan. The score looks at past delinquencies, derogatory payment behavior, current debt level, length of credit history, types of credit, and number of inquiries as well as other criteria. Credit scoring will place borrowers in one of three general categories. First, a borrower with a score 680 and above may be considered an A+ loan. Borrowers falling into this category may have a good chance to obtain a lower rate of interest and close their loan within a couple of days. Second, a score below 680 but above 620 may indicate underwriters will take a closer look at the file in determining potential risks. Supplemental credit documentation and letters of explanation may be required before an underwriting decision is made. Loans within this FICO scoring range may allow borrowers to obtain "A" pricing, but loan closing may still take several days or weeks as it does now. Third, borrowers with a score below 620 may find themselves locked out of the best loan rates and terms offered. Get in touch with a Landmark Financial, LLC representative today to find out your current credit score and how it affects the loans you qualify for. Remember our goal is to get Cheyenne and other Wyoming area residents into the home of your choice. Don't worry too much because we can work out a loan program that's right for you even if your credit score isn't A+.
Welcome to Landmark Financial, LLC
Landmark Financial, LLC offers all the information you need to help you obtain a Cheyenne, WY home loan or mortgage in the state of Cheyenne, WY . Landmark Financial, LLC is locally owned and operated to ensure you a friendly and hospitable environment, therefore Landmark Financial, LLC is Cheyenne, WY's professional mortgage broker of choice. We are also licensed to provide Cheyenne, WY mortgages and home loans, Cheyenne, WY jumbo loans, stated income and self employed home loans in Cheyenne, WY , Cheyenne, WY second mortgages and Cheyenne, WY refinance loans, Cheyenne, WY fixed rate mortgages, Cheyenne, WY Debt Consolidation loans, and Cheyenne, WY home mortgage loans.
Sub Prime & Bad Credit Loans at
Landmark Financial, LLC
At Landmark Financial, LLC, our mortgage brokers understand that not every borrower has perfect credit and for that reason we offer sub prime loans. These loans are designed for borrowers with lower credit ratings or for people who wish to borrow 100% of the price of their Cheyenne, WY home. The reason these people qualify for sub prime loans is because they are a riskier population to lend money to. The interest rates associated with sub prime loans are usually higher than with traditional loans but have allowed many, less financially stable Cheyenne, WY residents to have a chance to own a home in Cheyenne, WY and improve their credit rating. For more information on Cheyenne, WY sub prime home loans contact us at (307) 778-6175.
Cheyenne, WY Area Real Estate Information
At Landmark Financial, LLC we offer real estate information in Cheyenne, WY and the cities near Cheyenne, WY. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 307.778.6175.
