Credit reports

Before applying for assistance, individuals should get a copy of their credit reports. Checking to see that all of the information is accurate and current will help jump start the process. Consumers should also inquire as to their FICO scores, since most minority home loan brokers will likely base the terms of the mortgage loan on this number. Knowing ahead of time what the application consists of will give potential buyers an edge. They will understand what questions to ask and, perhaps more important, the answers as well.