It is our mission at N. E. I. Mortgage to help everyone become loan worthy. To present you with the choices that you can actually afford monthly and to help position your family for your prosperous destiny. We will partner with you and help you develop a plan for your success.

General and Statistical Information

Did you know that the average American credit score is 692 ?  If your score is lower borrowing gets really tough.   What are your credit scores and in particular your mid-score Here's a good chart that explains the impact of your score:  720 - 850   Excellent: The best financing terms and represents the best score range  700 - 719   Very Good: Qualifies to receive favorable financing  675 - 699   Average: Will qualify for most loans  620 - 674   Sub-prime: May qualify but will pay higher interest  560 - 619   Risky: Might have trouble getting a loan  500 - 559   Considered to be Very Risky: You need to work on improving your rating

Credit Report

The credit report is the fundamental component lenders consider to determine a persons credit worthiness. In particular we are most interested in the credit scores and the previous mortgage history. After the scores and mortgage history the other categories on the report come in to consideration such as open accounts and existing balances compared to high credit limits, collections, public records such as judgments and even the quantity of inquires within a 90-day period.    In an effort to combat fraud, lenders will only accept reports from other lenders or mortgage brokers who have been previously approved and processed via that lender or brokers account. The only acceptable type of credit report is refereed to as a Tri-merge report. It contains the data from all three bureaus including the scores on a single report.    N. E. I. will not secure a credit report without the expressed authorization of the borrower and applicable fee paid for protection of both you and N. E. I. Click the link below to download the Credit Report Form. Upon receipt of the authorization and payment, your requested report will be e-mailed or faxed to you.  Click Here For Credit Report Form.