image displayed if flash reader not installed

"Save Thousands

on Closing Costs"

Start Today!

Contact us today for a free credit report analysis.

Call us today!!!

301-523-8763

E-Mail Us!!

The real estate and mortgage industries are experiencing unprecedented changes.  Fannie Mae and Freddie Mac are now charging substantial fees related to the borrower's FICO credit score. Lenders now require an excellent credit profile.  Having the highest possible FICO credit score is imperative today.  Mortgage Credit Coach works with you to achieve your best credit profile and your highest FICO credit score.   We also focus on getting you loan approval for your purchase or re-finance mortgage.  

What Can Mortgage Credit Coach do for you:

Why should I enroll in Mortgage Credit Coach?

How will Mortgage Credit Coach help me?

How does Mortgage Credit Coach work?

Credit basics

 

 

 

 

Where are you on the scale?

 

 

Fannie Mae Now Charges Fees Based on Credit Scores

Your

Credit

Rating

Your

Credit

Score

Credit

Score

Fee

Credit 

Score

Cost

Superior

>= 740

0.00%

No Fee

Very Good

720 - 739

0.500%

$ 1,500

Good

700 - 719

1.000%

$ 3,000

Average

680 - 699

1.500%

$ 4,500

Fair

660 - 679

2.500%

$ 7,500

Unavailable

< 660

n/a

n/a

 * Example based on a $300,000 loan 80% (LTV)

Additional Charges for Cash-Out Refinancing

Your

Credit

Rating

Your

Credit

Score

Cash

Out

Fee

Cash

Out

Cost

Superior

>= 740

0.250%

$750

Very Good

720 - 739

0.375%

$ 1,125

Good

700 - 719

0.750%

$ 2,250

Average

680 - 699

1.500%

$ 4,500

Fair

660 - 679

2.500%

$ 7,500

Unavailable

< 660

n/a

n/a

 * Example based on a $300,000 loan 80% (LTV)