Tips on How to Improve Your Credit Score
Hey folks, it's time to get real about your credit score. If you're anything like me, you probably don't pay much attention to it until it's time to apply for a loan or credit card. But did you know that your credit score can make or break your ability to obtain a mortgage loan?
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When you apply for a mortgage loan, lenders take a close look at your credit score and credit history. They want to know if you're a responsible borrower who will pay back the loan on time and in full. A good credit score can help you qualify for a mortgage loan with a lower interest rate and better terms, while a poor credit score can make it more difficult to get approved and result in higher interest rates and less favorable terms.
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In short, your credit score is one of the most important factors that lenders consider when deciding whether to approve you for a mortgage loan. By taking steps to improve your credit score, you can increase your chances of getting approved for a loan with better terms and save yourself thousands of dollars in the process.
1. Check your credit report regularly
This is a no-brainer, but it's worth repeating. Make sure to check your credit report for any errors or fraudulent activity. You can get a free credit report from each of the three major credit bureaus every year, so take advantage of it.
2. Pay your bills on time
This one seems obvious, but it's worth emphasizing. Late payments can have a big impact on your credit score, so set up automatic payments or reminders to make sure you're always on time.
3. Lower your credit utilization ratio
Your credit utilization ratio is the amount of credit you're using compared to your credit limit. Aim to keep your utilization ratio under 30% to improve your score.
1. Check your credit report regularly
This is a no-brainer, but it's worth repeating. Make sure to check your credit report for any errors or fraudulent activity. You can get a free credit report from each of the three major credit bureaus every year, so take advantage of it.
2. Pay your bills
on time
This one seems obvious, but it's worth emphasizing. Late payments can have a big impact on your credit score, so set up automatic payments or reminders to make sure you're always on time.
3. Lower your credit utilization ratio
Your credit utilization ratio is the amount of credit you're using compared to your credit limit. Aim to keep your utilization ratio under 30% to improve your score.
4. Increase your credit limit
If you're struggling to keep your credit utilization ratio low, consider asking for a credit limit increase. Just make sure not to use the extra credit as an excuse to spend more.
5. Diversify your credit
Having a mix of credit types (like a credit card, auto loan, and mortgage) can improve your credit score. But don't open new accounts just to add diversity - only take on credit that you actually need and can handle responsibly.
4. Increase your
credit limit
If you're struggling to keep your credit utilization ratio low, consider asking for a credit limit increase. Just make sure not to use the extra credit as an excuse to spend more.
5. Diversify your credit
Having a mix of credit types (like a credit card, auto loan, and mortgage) can improve your credit score. But don't open new accounts just to add diversity - only take on credit that you actually need and can handle responsibly.
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📈How Houston Investors Are Winning With DSCR Loans🏘️
📈How Houston Investors Are Winning With DSCR Loans🏘️
💰DSCR Loans: The No-Income-Docs Strategy Houston Investors Love🔥
📈 How Houston Investors Are Winning With DSCR Loans
Houston’s investment market is booming — and savvy buyers aren’t using traditional mortgages to scale their portfolios. They’re using DSCR loans, one of the most powerful and flexible tools available to real estate investors today.
As a mortgage brokerage serving investors across Katy, Fulshear, Houston, and the entire Texas market, Medallion Funds helps borrowers leverage DSCR loans to close faster, qualify easier, and grow their rental portfolios without W-2 income or tax-return scrutiny.
If you’re an investor in the Greater Houston area, here’s why DSCR financing has become the go-to strategy in 2025–2026.
🌟 What Is a DSCR Loan?
A Debt Service Coverage Ratio (DSCR) loan is a real estate investment loan that qualifies you based on the property’s income — NOT your personal income.
Instead of W-2s, pay stubs, or tax returns, lenders look at:
DSCR Formula
Rental Income ÷ Monthly Mortgage Payment
If the ratio meets lender requirements (often 1.0–1.25+), you’re approved.
This makes DSCR loans ideal for:
✔ Investors scaling portfolios
✔ Buyers with write-offs or complex tax returns
✔ Self-employed investors
✔ BRRRR projects
✔ Out-of-state buyers entering the Houston market
🏙 Why DSCR Loans Are Exploding in Houston
Houston is a top 5 multifamily and single-family rental market thanks to:
·Strong job growth
·Massive in-migration
·High rental demand
·Affordable housing compared to Austin & Dallas
·Booming suburbs like Katy, Fulshear, and Richmond
Investors are using DSCR loans to acquire:
✔ Single-family rentals
✔ Small multifamily (2–4 units)
✔ Portfolio loans
✔ New construction investment homes
✔ Short-term rentals (Airbnb / VRBO)
With rental demand up and inventory tightening, DSCR financing helps investors move quickly — often closing in 10–21 days.
💡 Key Benefits of DSCR Loans for Houston Investors
1. No Income Documents Needed
No W-2s. No pay stubs. No tax returns.
The property qualifies on its own income.
2. Fast Approvals and Fast Closings
Ideal for competitive markets and distressed opportunities.
3. Investors Can Hold Multiple Properties
DSCR lenders don’t limit the number of financed properties like conventional lenders.
4. Perfect for Self-Employed Houstonians
Business owners and 1099 earners get approved without complicated income verification.
5. Great for BRRRR Investors
Refi-friendly underwriting + cash-out options = perfect fit for the BRRRR model.
6. Flexible Credit + High LTV Options
• Credit as low as 620
• LTV up to 80–85% for purchases
• Cash-out available for future investments
🏆 Why Houston Investors Choose Medallion Funds
As a mortgage broker — not a bank — Medallion Funds shops 600+ lenders to find you:
·Better DSCR rates
·Lower fees
·Faster turn-times
·More flexible underwriting
·Multiple term options
We work with investors across:
🏙 Houston
🌆 Katy
🌄 Fulshear
🚀 Richmond
🌉 Cypress
🌵 San Antonio & Austin suburbs
Whether you're buying your first investment property or refinancing a portfolio, DSCR loans are one of the most investor-friendly tools available in today’s market.
Final Takeaway
If you’re investing in the Houston area, DSCR loans give you the speed, flexibility, and scalability needed to win deals in 2025–2026.
And with rental demand growing across every major Houston submarket, there has never been a better time to use DSCR financing to build long-term wealth.
👉 Want help running numbers?
👉 Need a DSCR pre-approval today?
Send me a message — Medallion Funds makes investing simple.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
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Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/