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Podcast Episode 3: Understanding the Importance of Credit

June 9, 2020 | by Anna Orendain

Categories: Podcast

 


Your credit score is one of the biggest factors that lenders will use to qualify you for a mortgage. Is your credit score keeping you from buying a home, or do you simply want to learn more about how your score is determined? Stacy Lynn Schriever with Premier Nationwide Lending joins TSAHC’s Joniel LeVecque to explain how credit scores are calculated and how to review your credit report and improve your score.

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Note: While this episode was recorded in early 2020 prior to the COVID-19 crisis, the information is still accurate.

Meet Our Guest—Stacy Lynn Schriever

With over a decade of experience in the mortgage loan industry, Stacy Lynn Schriever is a loan officer with Premier Nationwide Lending and a member of TSAHC's Lender Advisory Council. She has been a TSAHC top-producing loan officer for several years in a row and has experience working with conventional loans, refinancing, government loans, and more. 

Stacy enjoys working with customers who are First Time Home Buyers and need guidance with understanding the mortgage process as well as the experienced borrower that needs an efficient turn-around time. She lives in Flower Mound, Texas with her daughter, Landry.

Contact Stacy


On the House blog posts are meant to provide general information on various housing-related issues, research and programs. We are not liable for any errors or inaccuracies in the information provided by blog sources. Furthermore, this blog is not legal advice and should not be used as a substitute for legal advice from a licensed professional attorney.

Comments

aorendain@tsahc.org

Hi Cassidy, if you’ve completed our eligibility quiz and meet the requirements for our programs, your next step is to find a TSAHC-Approved lender! You can find a lender, take a home buyer education course, and locate a REALTOR here: https://www.tsahc.org/homebuyers-renters/ready-to-buy-a-home

aorendain@tsahc.org

Hi Gloria, we’d recommend consulting a trusted tax professional for any advice regarding your taxes.

Cassidy Amundson-Pitts

Hello I also emailed you from the website I took the quiz on for the home owners loans. I got approved for two loans MCC,DPA loans. I’ve never done this type of thing so I’m hoping you could help me.

Gloria Brandon

I am a first-time homebuyer, my total finances are below 30,000 a year.  I’m on disability and I have a permanent disability.  I have been currently making all my payments on time but every time lenders see my car they think I have a lot of money and I am barely making it now.  I will soon be paying off most of my highest bills soon.  My debt to ratio is not very good because I had to rob Peter to pay Paul, but I had to do what I had to do. I am a senior citizen who knows I can handle my bills, I do not file taxes anymore because of my disability, but I do have my transcripts from 2017, 2018, 2019, I do not have 2020 because I do not file taxes.  What else do I need to prove that I do not file taxes?

Anna Orendain

Hi Helen, In addition to this podcast series, we created this step-by-step guide on how to buy a home: http://www.tsahc.org/public/upload/files/general/TSAHC_Your_10_Steps_to_Buying_a_Home.pdf. You can also find TSAHC-Approved lenders here: http://www.tsahc.org/homebuyers-renters/find-a-lender

Helen Joy Wanjohi

I AM A FIRST TIME HOME BUYER AND NEED TO USE DOWN PAYMENT ASSISTANCE PROGRAM THROUGH
TSAHC ORGANIZATION AND I FOUND YOUR NAME FROM THEIR WEBSITE AS THEIR APPROVED LENDER.

I MAKE WAY LESS THAT 99,000 ANNUALLY AND MY CREDIT SCORE IT’S MORE THAN 65O

THEREFORE NEED YOU TO WALK ME THROUGHT THE LOAN APPLICATION PROCESS. NEED PRE-APPROVAL INORDER TO GET THIS ASSISTANCE.

THAK YOU
HELEN J. WANJOHI

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