Credit Improvement Plan for Home Buyers

How to Use This Plan

• Start this plan 3–12 months before applying for a mortgage.
• Track progress monthly and monitor your FICO mortgage score.
• Focus on high-impact actions first (utilization and payment history).
• Avoid opening new credit accounts before closing.

Step 1: Review Your Credit Reports

• Obtain reports from Experian, TransUnion, and Equifax.
• Check for inaccurate late payments or duplicate accounts.
• Dispute errors immediately with documentation.

Step 2: Reduce Credit Utilization (Highest Impact)

• Keep credit card utilization below 30%.
• Target under 10% for maximum score benefit.
• Pay down highest-balance cards first.
• Avoid closing old accounts.

Step 3: Eliminate Late Payments

• Bring all past-due accounts current.
• Set up automatic payments to avoid future lates.
• Request goodwill adjustments where appropriate.

Step 4: Avoid New Debt

• Do not finance cars or furniture before mortgage approval.
• Limit hard inquiries.
• Avoid co-signing for others.

Step 5: Build Positive Credit History

• Keep long-standing accounts open.
• Use credit cards lightly and pay in full monthly.
• Consider becoming an authorized user strategically.

Step 6: Prepare for Mortgage Pre-Approval

• Maintain stable employment.
• Avoid large unexplained deposits.
• Confirm your mortgage-specific FICO score with the lender.

90-Day Credit Action Tracker

Action Item	Target Date	Completed (Y/N)	Notes

Disclaimer: This document is for educational purposes only and does not constitute financial or lending advice. Consult a qualified mortgage professional for personalized guidance.

Ready to Take the Next Step Toward Homeownership?

If you’re preparing to buy a home, understanding your financing options is an important next step. Mortgage Research Center can help you explore mortgage options and learn more about financing your home purchase.

Explore Home Financing Options →https://www.dpbolvw.net/click-101849128-17168348

YourRealEstateAdviser.com may receive compensation when you use links on this page. This does not affect the information or recommendations we provide.