Do you know the reason why FICO scores are so important, and do you have any idea why some folks seem to get good interest rates from mortgage institutions when they apply for loan applications? You see, I am yet to find any good yardstick that can be used to determine who gets what amount and at what interest rate.
Though there are other indicators that creditors use to make their decisions on granting you their financial resources such as the employment status of the loan-applicant, how long the person has been in employment - if employed, income level, and if there is any outstanding debt that hasn't been paid to other creditors in the past.
The reality is that all these other information, one way or another, reflect in one's credit report and this is why mortgage-creditors prioritize this financial document of individuals more than anything else.
It is a simple scorecard of how you have fared and how much you can be trusted with financial power.
But even if you've got a fairly good score that can get you the amount you need on a home, it is always a good idea to work towards increasing the figure because it will help reduce the interest you'll be charged and required to pay when you're returning the money to the creditor.
Using simple proactive measures months before you apply for a home-loan, it is possible for you to get the exact amount you want for the house you want and at very favorable interest rates! What you just need to do is to begin the process of restoring your credit file using either a self-help repair method or by consulting an expert repair agency to get it done for you.
Good luck!