Do I have to have perfect credit?

Credit is only one factor in the underwriting process, so don’t think that your credit score alone will stop you from getting a loan;  however, your credit history needs to demonstrate both willingness and ability to repay on time.  While it is true that a high credit score is might receive better rates and offer more financing options to the borrower, this doesn’t mean you cannot obtain a real estate mortgage if you’ve had some credit problems in the past.

At Amerimutual Mortgage in Astoria, Queens, NYC New York, our brokers are here to help you fulfill your home ownership dreams, advising you on the proper loan products and loan amounts that best suit your needs.  Call us.  You will be glad you did.