Contact VITEK

Contact us for any questions you might have! We are here for you!

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Speak with a mortgage loan originator

Schedule a consultation

Mailing Address

VITEK Mortgage Group
Corporate Office

3 Parkcenter Drive
2nd Floor
Sacramento, Ca 95825
Toll Free: (800) 570-5300

Language of your Mortgage Loan Originator:

Customer Login - Coming soon!

You will be able to log in for up-to-the-minute updates on your loan in process and easily submit needed documentation to us to help ensure a faster transaction for you. This new state-of- the-art communication system will also support our efforts toward complete paperless transactions and helps us further our Think Green initiatives!

Your Credit Score

Your Credit Score

Your credit score counts more than ever before!

In today's world of borrowing, your credit score counts more than ever before. It is used to measure risk when underwriting your loan. The better your score is, the better your loan pricing will be. Your score is based on your track record of making payments and managing your credit. The score is calculated from a lot of different credit data in your credit report by using a formula created by the Fair Isaac Corporation and is called a FICO score. The percentages in the chart below reflect how different aspects of your credit are weighted in determining your score.

Here is a reference chart to help you better understand how lenders view your score.

Credit Score Chart
  • 740 - 850 - Excellent — The best financing terms and represents the best score
  • 700 - 739 - Above Average — Qualifies to receive favorable financing
  • 675 - 699 - Average — Will qualify for most loans
  • 620 - 674 - Below Average — Qualifying depends on loan program
  • 500 - 619 - High Risk — You need to work on improving your rating

If you have a lower score, the good news is that negative items will diminish over time; the older a negative item becomes, the less it adversely impacts your credit score. The law states that a derogatory item "CAN be" reported for 7-10 years, but it does not state that it "MUST be" reported. In many instances, after 3-4 years the item will be deleted. The fact is, you can begin to improve your credit score immediately. If your FICO score is less than ideal, we can help to determine your best course of action.

If you are thinking about purchasing or refinancing and would like a free evaluation, contact us today.