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I am looking for the best mortgage rates for my credit score which is 635 but for a 20 yr mortgage

by jamalluke461 from Pleasant Grove, California. Aug 27th 2015 Reply


William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

Much more info is necessary to quote someone an interest rate.. Lenders look at all 3 credit scores, but use the mid score for loan pricing.. what's the mid score? How much are you borrowing? Larger loan amounts get better loan pricing... What will the loan to value (LTV) be? Larger down payments which result in lower LTV's get better loan pricing.. What is the property type (SFH, Condo, MFH)? Each property type has different loan pricing.. I could go on, but i'm sure you get it by now.. No competent loan officer would ever quote you based on just a credit score.. and if for some reason someone here does, you should probably avoid using them.. you would just be setting yourself up for disappointment.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and 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 NMLS# 226347

Aug 27th 2015
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Bill Beggs (billb@thinkprovident.com)
#1129 ranked lender in California - 2 contributions

Hello Jamal,I'd be glad to provide you with a written quote.We offer loans with No Points, No Fees and No Closing Costs.Feel free to give me a call anytime at 800-258-0611.I look forward to speaking with you.Bill BeggsPh 800-258-0611NMLS 306392

Aug 27th 2015
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MASSEY Kouhssari (massey@bankerbroker.com)
#1117 ranked lender in California - 5 contributions

Being a wise shopper means you ask the right questions to get the best answer possible so you can find out who can give you the best deal without a full application. I suggest you figure out your Loan to value ratio, fico score, number of lates on credit if any & the reason why you are at 635 & not 735 fico, add up all your monthly debt obligations, whether its going to be an owner occupied loan or rental & all the details on a typical loan application then post the question to 15 loan officers and then you can compare the answers & go with the one that makes you feel good about your decision. Either way at the end of the day you can always withdraw your application with no obligation. We offer everything from Government loans with Free Grant money all the way to Stated Income Loans with no Taxes needed for self Employed borrowers for manufactured homes to single family homes all the way to commercial properties. Call Massey at 949-244-1880 NMLS#288498

Aug 27th 2015
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Jason Bennett (jbennett)
#104 ranked lender in Pennsylvania - 67 contributions

I can lend in multiple states in the northeast. My bank is federally chartered. As mentioned more information is needed. If your credit score is what you state, I should be able to help you get pre-qualified for a mortgage. Shopping rates at this point would be not advised since you do not have a home under contract and not exactly sure where you stand with other factors used to evaluate which mortgage product is best. I can give you a Free pre-qualification with an application if interested. You can contact me at: jabennett2@mtb.com NMLS#147890

Aug 28th 2015
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