Credit is the most important factor in determining if you are eligible to purchase a home. All lenders require a Residential Mortgage Credit Report (RMCR) with credit scores from all three credit bureaus:

1. Experian
2. Equifax
3. Transunion

This credit report is scored differently than the consumer credit reports that you may be able to pull yourself so it is important that you allow your loan officer to access a RMCR before you start your home buying process.

A true loan prequalification must include a credit report in order to be credible.