Credit Center

At CalTex Funding, our goal is to get you the best possible interest rate, regardless of your past or present credit history!

Each of the three major credit bureaus, Equifax, Experian and TransUnion, collects data from your lenders about your history of borrowing and paying back credit. They compile that information into your credit report, which any lender can access whenever you apply for a loan. The Fair Isaac Corp. is the major producer of credit scores. They take the information from those credit reports, apply their own trade-secret formula and, based on the three credit reports, distill three credit scores for you into one score ranging from 300 to 850.

While scores are important, they are not the only thing we take into consideration when approving a mortgage. And low scores aren't insurmountable obstacles! Your credit score is one of the factors, however not not the only one. Other "offsetting factors" can balance a low credit score, such as a large down payment, large cash reserves or an overall low debt-to-income ratio. The important thing is that you not assume that you can't get a mortgage because of a low credit score!

From a credit standpoint, the biggest thing you can do to harm yourself is to prejudge your situation because you think you may not qualify! At CalTex Funding, we do not charge any application fees to qualify you for a loan! We believe in helping all our clients work through their credit issues, and guarantee the lowest interest, best terms, and superior customer service, no matter your credit situation!