What Homebuyers Need To Know About Credit Scores If you & rsquo;re considering buying a home, you should understand your credit report & rsquo; s a critical piece of the puzzle when it concerns getting approved for a mortgage. Lenders evaluate your credit to evaluate your capability to make payments on time, to repay debts, and more. It’& rsquo; s likewise an element that helps identify your home loan rate. A post from Bankrate discusses: