There are a few key factors an individual show know when shopping for local real estate loans. In this article you can expect to learn the essential details bankers look for when approving local real estate loans. Credit Scores, Debt Ratio, and Credit Card Balances. Each category is essential for you to be prepared in order to qualify for local real estate loans with a great interest rate. First lets talk about credit scores, when applying for local real estate loans lenders make inquiries of all three credit bureaus: TransUnion, Equifax, and Experian. Know your score before applying for your real estate loan. Contact each bureau, and request a copy of your credit report. In knowing your credit score before hand in applying for local real estate loans is a great advantage. You will know walking in the door what your score is, and how to negotiate a great rate. Credit scores generally range between the lowest scores of 300s and higher scores between 750-850. If your score it hitting 700 you have excellent credit, and can expect a great rate on real estate loans.