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ca i qualify for a no money down usda mortgage with a 695 credit score?

by pamleung7892833 from Caledonia, Wisconsin. Aug 13th 2014 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,993 contributions

Yes, the USDA program basically likes people with a middle credit score over 640, but we can goes as low as 620. Find out more at http://wi-mortgagebroker.com/usda-rural-development.html

Aug 13th 2014
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

If credit scores were the only thing that the lender considers when obtaining a mortgage, then yes.. a 695 is acceptable.. the reality is that it takes so much more than a credit score to qualify.. debt, debt to income, credit history as well as credit scores, and credit deficiencies are also considered.. You could have a 795 credit score but have a major derogatory item which could disqualify you altogether.. for this reason, it's best you apply with a local broker and let them look at the complete loan scenario.. only then will you know for sure if you can qualify.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Aug 13th 2014
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Aiman Abozeid (aabozeid@inlanta.com)
#44 ranked lender in Wisconsin - 12 contributions

Yes no problem at all, Inlanta Mortgage can help if you'd like, 608 662 0860 Aiman Abozeid NMLS#237450

Aug 13th 2014
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Brad Tindal (Brad.Tindal)
#43 ranked lender in Wisconsin - 9 contributions

Yes, that is a qualifying credit score, however there are other factors that need to be considered as well. I would be happy to discuss this with you in person or over the phone. My number is 920.545.0020 or my email is Brad@trustprovidence.com

Aug 13th 2014
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Joshua Wachowiak (Joshua.wachowiak)
#23 ranked lender in Wisconsin - 69 contributions

Yes, that credit score works for a USDA 100% financing loan with no rate adjustments. There are of course other requirements that would need to be met, such as debt to income ratio, etc. I would be honored to walk you through the pre-approval process, which is completely free. I am a local lender (located in Appleton, WI) and we do USDA loans very well. You can reach me at 920-277-3595 or my email is joshua.wachowiak@spm1.com.Joshua WachowiakBranch ManagerSierra Pacific Mortgage CompanyNMLS #248425Branch Office: 3303C West College Ave, Appleton, WI 54914

Aug 13th 2014
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Chereen Taylor (ChereenRenovationReverseandeverythingelse)
#34 ranked lender in Wisconsin - 8 contributions

Yes, A 695 credit score would meet the requirements for a USDA loan. There are also property and income limits as well as other requirements that must be met in order to qualify. Please feel free to call me at 414-935-4164 to discuss.

Aug 13th 2014
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David R Youngs - Assistant Vice President (DavidRYoungs)
#65 ranked lender in Minnesota - 68 contributions

Yes this is certainly a credit score that would be within the qualifying guidelines. However as others have stated, there is more involved in qualifying for a home loan than just a credit score. I specialize in working with practically ALL loan types available in both MN & WI, including USDA loans. If you would like to discuss your options for FREE and with no obligation, I would be happy to speak with you. Feel free to contact me at the following: David Youngs - Senior Consultant NMLS# 328679 - 866-680-2840 Ext 12 Email: dyoungs@progressivels.com Thanks!

Aug 13th 2014
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SEAN WRIGHT (LANDMARKMORT)
#6 ranked lender in Wisconsin - 47 contributions

As long as you meet the Location and the Income Limits....you should be OK to pursue your new home.Call me if you need to get a Pre-Approval (920) 391-4234.

Aug 13th 2014
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Brian Hofmann (GSFBrian)
#45 ranked lender in Wisconsin - 7 contributions

Absolutely, we are located in Appleton and are a direct lender with USDA. I would be more than happy to discuss your options and help you achieve home ownership. You can apply online at www.gsfbrian.com or call anytime 920-202-0318.Brian Hofmann GSF Mortgage-Appleton BranchNMLS#1114622

Aug 13th 2014
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Donna Gagnon (Donna Gagnon)
#3 ranked lender in Wisconsin - 12 contributions

You sure can, however there are other requirements that need to be met to qualify for a USDA Rural loan. I would be happy to help review your scenario to make sure that you qualify. Please call me to discuss 262-754-4005 Dave Laitsch NMLS #272285 262-754-4005

Aug 13th 2014
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Donna Gagnon (Donna Gagnon)
#3 ranked lender in Wisconsin - 12 contributions

You sure can, however there are other requirements in order to qualify for a USDA Rural loan. I would be happy to review your scenario to make sure that you qualify. Please call me to discuss 262-754-4005 Dave

Aug 13th 2014
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Pam Schubert - VA certified loan specialist (pschubert)
#17 ranked lender in Wisconsin - 24 contributions

Yes, you can get a USDA loan with a 695. The property must be located in an eligible area along with you will need to meet the income requirements. (Basically, we will need to make sure you don't make too much money)This is all very easy to check for you. Please give me a call at 920-410-2646 or send me an email at pam.schubert81@gmail.com or pschubert@emailphe.com and we can go over the information. I live in Oshkosh but I am from Oak Creek and go back there often! I would love to help you out!

Aug 13th 2014
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