The following table provides general guidelines for determining your credit rating, and outlines borrowing information for those interested in mortgage loans (new, refinance, home equity).

Grade	Credit Distinctions
A	Mortgage: No late payments in the past 36 months. No more than two prior 30-day late payments. Qualified for 1st Mortgage Rate: 7.0 up to 8.99 Qualified for 2nd Mortgage Rate: 7.0 up to 8.99 Loan to Value: 1st) Up to 100% 2nd) Up to 125% Debt to Income Ratio: Up to 45% for both first and second mortgages Revolving: Major/Minor Credit - no more than 30 days delinquent on any account in last 60 months – none in the past 36 months (minor credit). Must have 5 open trade lines. Collections/Judgments: None
A-	Mortgage: No more than two 30-day late payments during the last 12 months. Qualified for 1st Mortgage Rate: 9.0 up to 10.99 Qualified for 2nd Mortgage Rate: 9.0 up to 12.75 Loan to Value: 1st) Up to 100% 2nd) Up to 125% Debt to Income Ratio: Up to 45% for both first and second mortgages Revolving: Major/Minor Credit - no more than 30 days delinquent on any account in last 12 months, except for minor occurrence up to 60 days (minor credit). Must have 4 open trade lines. Collections/Judgments: More than $2,500 considered on a case by case basis. Must be satisfied prior to or at closing if applying for a mortgage. Bankruptcy/Foreclosure: Discharged over 24 months and substantial re-established credit (i.e. installment loans, auto loans, etc. with NO delinquencies).
B	Mortgage: No more than three 30-day late payments during the past 12 months. Qualified for 1st Mortgage Rate: 8.99 up to 12.5 Qualified for 2nd Mortgage Rate: 10.99 up to 13.5 Loan to Value: 1st) Up to 90% 2nd) Up to 100% Debt to Income Ratio: Up to 55% for both first and second mortgages Revolving: Major /Minor Credit - no more than 60 days delinquent on any account in last 12 months, except for minor occurrence up to 60 days (minor credit).  Must have 2 open trade lines. Collections/ Judgments : More than $2,500 considered on a case by case basis. Must be satisfied prior to or at closing. Bankruptcy/ Foreclosure: Discharged over 18 months and substantial reestablished credit (i.e. installment loans, auto loans, etc. with NO delinquencies).
C	Mortgage: No more and 5 x 30 or 2 x 60 during last 12 months. Qualified for 1st Mortgage Rate: 11.5 up to 13.5 Qualified for 2nd Mortgage Rate: 11.99 up to 14.5 Loan to Value: 1st) Up to 85% 2nd) Up to 80% Debt to income Ratio: Up to 55% for both first and second mortgages Revolving: Major /Minor Credit - no more than 90 days delinquent on any account in last 12 months, except for minor occurrence up to 90 days (minorcredit). Must have 4 open trade lines. Collections /Judgments: More than $2,500 considered on a case by case basis.  Must be satisfied prior to or at closing. Bankruptcy/ Foreclosure: Discharged over 12 months and re-established credit.
D	Mortgage: No more than 3 months delinquent at closing. Qualified for 1st Mortgage Rate: 12.5 up to 18.25 Qualified for 2nd Mortgage Rate: Not available Loan to Value: Up to 70% Not in foreclosure (Up to 65% if in foreclosure) Debt to Income Ratio: Up to 60% Revolving: Borrower exhibits significant past or present credit problems. Collections /Judgments: Major occurrence within the past 12 months. Bankruptcy / Foreclosure: Bankruptcy discharged/ foreclosures consummated prior to application.