We recognize the sacrifices military families make including moves, deployments and other uncertainties that can make navigating economic waters challenging.
Whether you're a veteran or active service member, our CreditSmart Military Financial Readiness course provides practical information to support lifelong money management skills.
The module is an easy–to–understand information guide to help you prepare financially for deployment, avoid financial schemes that target military families and manage your money wisely. It also takes a look at the Department of Veterans Affairs home loan program.
Why Your Credit Matters
Your credit score is one of the most important factors to qualify for a loan; it helps lenders decide the likelihood that you will repay your debt. Credit Scores range from 300–850, the higher generally the better, and are based on a multitude of factors:
- Your payment history
- The amount of debt you owe
- How long you've used credit and how you've managed it
- How often you apply for new credit and take on new debt
- The types of credit you currently use
Your credit score and accompanying credit report signifies your creditworthiness to lenders and the likelihood that you will repay your loan obligations, such as your mortgage.
Servicemembers and military families are required to expect the unexpected. Learning strong lifelong money management skills can help you feel confident about your financial health no matter what unanticipated obstacles arise.
For more information on buying, owning, or renting a home visit My Home by Freddie Mac®.
Recent Posts
Insights from Company Leaders
Tracking the Economy in <br/>Real-Time During the Pandemic
Even in the best of times, forecasts are extraordinarily difficult. However, these are hardly the best of times, and the ongoing uncertainty means these projections may be more unclear than usual.
Vice President and Chief Economist, Economic & Housing Research
Reflecting on Recent Events
The last few weeks have been ones of deep reflection, sadness and anger in the wake of the tragic killings of George Floyd, Breonna Taylor and Ahmaud Arbery.
CEO
Transcript: Freddie Mac CEO Addresses Pandemic Response in Q1 Earnings Discussion
Freddie Mac responded to unprecedented challenges while serving its mission in the first quarter.
CEO
Transcript: Freddie Mac CEO Discusses Fourth Quarter and Full-Year 2019 Financial Results
In 2019, Freddie Mac delivered solid earnings, with strong returns and executed on our mission of providing liquidity, stability and affordability to the housing market.
CEO