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Can 650 score qualify you for a new home loan with high money down?

by cindydrilling184 from Fort Lauderdale, Florida. Apr 16th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#76 ranked lender in Florida - 2,240 contributions

With a 650 score you can put as little as 3.5% down or 0% if you are VA eligible or you and the property qualify for a USDA loan. Your score is good but you still need to meet all other guidelines as well. Give me a call and I can go over all your options. 800-991-5309 Michelle

Apr 16th 2014
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Kim Bennett (KimBennett)
#195 ranked lender in Florida - 6 contributions

Good Morning,Your score is not an issue as long as you meet the additional guidelines in regards to income qualifying, your most recent credit within the last 12-24 months. The guidelines for qualfying under different programs may differ. Consulting a Mortgage Broker will give you the information needed to move forward. There are no fees and no obligation for a consult. Please do not hesitate to call at your convenience 239.603.8127. I appreciate the opportunity to earn your business. Have a good day, Kim Bennett

Apr 16th 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,588 contributions

Yes, possibly!! It takes so much more than a credit score to get approved for a mortgage, with the credit score just being one of them... I have had borrowers with 750 credit scores not get approved because of a credit deficiency. For this reason, it's best you contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

Apr 16th 2014
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#135 ranked lender in Florida - 787 contributions

Hi Cindy, with a 650 score you have many options with as little as zero down/VA, 3.5% down/FHA, and 5% down for conventional. With 20% down you would avoid PMI on a conventional loan. Call me and we can go over all the options and find which is best for you. I am local in Ft Lauderdale/Boca Raton market. Ralph Guertin 954-274-7725 or Ralph@absolutelowrates.com

Apr 16th 2014
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Hi Cindy, we specialize in purchase mortgages and your credit score is definitely in the credit bucket that can be approved for a Conventional, FHA, USDA or VA loan. Provided you do not have any bankruptcy or foreclosure in the recent past and your debt-to-income ratios are in line, you should have no issues with getting approved. Even if you have had a bankruptcy or foreclosure as recent as a year ago, we may still be able to help you out. I would love the opportunity to quote for your business. We do not charge for quoting rates or credit approval. Please email me the estimated purchase price and amount you would like to put for down payment and I can prepare various quotes for you to review and compare to the other lenders you're shopping. We are extremely competitive in your market. Dave Ortega - NMLS 66292 - dortega@satorimortgage.com

Apr 16th 2014
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David Ortega (DavidOrtega)
#53 ranked lender in Minnesota - 230 contributions

Hi Cindy, we specialize in purchase mortgages and your credit score is definitely in the credit bucket that can be approved for a Conventional, FHA, USDA or VA loan. Provided you do not have any bankruptcy or foreclosure in the recent past and your debt-to-income ratios are in line, you should have no issues with getting approved. Even if you have had a bankruptcy or foreclosure as recent as a year ago, we may still be able to help you out. I would love the opportunity to quote for your business. We do not charge for quoting rates or credit approval. Please email me the estimated purchase price and amount you would like to put for down payment and I can prepare various quotes for you to review and compare to the other lenders you're shopping. We are extremely competitive in your market. Dave Ortega - NMLS 66292 - dortega@satorimortgage.com

Apr 16th 2014
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Sean McGrover (sean2109)
#167 ranked lender in Florida - 18 contributions

Cindy, hi I would be willing to meet with you to discuss your options. I have offices in Miami and Orlando and I am presently in Miami. If you are interested in meeting, please call me at 407-765-0341 or email me at sean2109@yahoo.com and I will visit you in Ft. Lauderdale.

Apr 16th 2014
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Kelly Lopez (klopez@gogsf.com)
#241 ranked lender in Florida - 4 contributions

Cindy it is best to find the best Loan officer Suited for you. I have over 17 yrs Experience. We have many programs and can work with Credit scores as low as 550 middle. We work with you every step of the way. We also can get a Realtor to help you if you do not already have one. I also live and work in Broward county my phone is 954-400-3126 ask for Kelly Looking forward to helping you. email klopez@gogsf.com

Apr 16th 2014
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