“Credit Scores aren’t the only Important Factor”

“Credit Scores aren’t the only Important Factor”





American Eagle my bank did not approve me, even though they said they would. I know you told me that was going to happen. My friend Jose told me you know what to do. I don’t understand why they told me they can do something for us, but not tell the truth. I know my credit scores are not too good, but as I told you I have a good down payment. When can we meet as I need to close in 5 weeks.



Yes Luis, I can do your mortgage.

I previously explained that his credit scores are lower than most institutions will allow.


I am not kidding when I say that I can get an FHA loan done with a 500 mid credit score.  A higher down payment is required which is understandable as the lenders are taking a bigger risk.


What is important to understand is that when you have lower credit scores, the loan must make sense and so do the reasons for the lower scores. This transaction is one that makes sense.


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 5 commentsJoe Petrowsky • June 21 2019 07:05PM


You are a god send to many people who are now home owners thanks to you! 

Posted by Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties) 11 months ago

Good morning, Joe Petrowsky I copy and paste sections of your blog post and send it to agents I know .... I hope they can use your services someday in the future.... 

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 11 months ago

I'm sure Jose is very happy he reached out to you.

Posted by Kat Palmiotti, The House Kat (406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty) 11 months ago

Good morning Joe. The real source is an experienced mortgage broker with several sources. Enjoy your day 

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 11 months ago

Joe-  you are exactly right, it all has to make sense.  Great job and congratulation Jose!!

Posted by Mark Peter Lynch, Think Mortgage, Think Mark!! (Residential Mortgage Services) 11 months ago