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Importance of Credit

Having good credit is important. So is having options.

Your credit is important when you're trying to get a mortgage. Get informed first, and then see what your options are.
The role of your credit history

Video - The role of your credit history

See what lenders look for when you apply for a mortgage.

Watch video

Your credit score

  • Where it comes from. Your credit report, a detailed account of your credit history from the 3 main U.S. credit bureaus: Equifax, Experian, and TransUnion.
  • How it's calculated. Via a formula that weighs your credit history and activities — like paying bills and opening accounts — and assigning them a number from 350 – 850. Keep in mind that ranges differ between credit bureaus.
  • Why it’s important. Because lenders who extend credit, like mortgage loans, use your creditworthiness as one way to help determine whether to provide you financing, and for how much.

Learn more at Credit Basics

Flexible credit options

Don't have a higher credit score? You may still qualify for financing.

  • 3% down program. Low down-payment option offered by Wells Fargo.
    Learn more
  • FHA and VA loans. Low down-payment options available with choices of fixed and adjustable rates.
    Learn more
  • Payment history. Do you pay rent, utility bills? Not having a lengthy payment history doesn’t mean you don’t have one. Talk to us about it.

Whatever your credit situation is, you may have options you haven’t considered. Best way to find out? Contact Us

 Did you know? 

Wells Fargo is the nation's leading residential mortgage lender. Our home mortgage consultants have the experience to help you find the loan that's right for you. Learn more
We can help you unlock your loan options. Start by getting prequalified. Get Started
Find a local consultant or call 1-877-937-9357