Low Credit Score for Mortgage Lenders and Brokers in Westlake Village, California

Where Los Angeles and Ventura counties meet, you’ll find Westlake Village. Quite unlike many other villages on the planet, Westlake Village is one that came completely planned by an architectural firm in the 1960s. Its designers envisioned a place that was its own little ecosystem and economy, with homes, green spaces and commercial zones, all of which would be centered around Westlake Lake, a gorgeous backdrop for it all.

Today, Westlake Village remains a desirable place to live, although some of its original square footage was annexed into the city of Thousand Oaks in the 60s and 70s. What remains under the moniker of Westlake Village sits in Los Angeles County, a natural hideaway from the hustle of the big city.

If you’re considering purchasing a home in Westlake Village, checking your credit report should be one of the first to-dos on your list. The government allows us to check our credit scores up to three times per year at zero cost. Check out annualcreditreport.com in order to do so. You can do all three tests at once for a detailed overview, or you can space them out over the course of a year to keep track of any changes in your number.

Once you’ve completed the report, you might find that your credit score sits below a 650 or 600. Many lenders use one of these two numbers as the benchmark for a low credit score. Don’t worry if your score falls into this category, though, as you still might be able to find a mortgage with low interest rates.

In order to improve your chances of doing so, you can work to lower your credit score by paying down any outstanding debt or student loans. This might seem like a daunting task, but taking a big chunk out of what you owe will equate to more open doors and lower interest rates. You can also boost your credit reputation by diligently paying off the cards you have on time each month.

A low credit score doesn’t mean that you won’t be able to afford the home of your dreams, even if it happens to sit in Westlake Village. It only means that it’s your job now to find a lender who is willing to work with you and help you obtain the lowest rate possible. That, in combination with the methods of strengthening your credit score as described above, might just mean you’ll have the keys to your dream home in your hand before you know it.