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I have a 590 credit score and I have found a house that I love but cant seem to find a lender willing to give me a chance.

by laticereese510 from Gettysburg, Pennsylvania. Apr 11th 2016 Reply


Bill Beggs (billb@thinkprovident.com)
#1150 ranked lender in California - 2 contributions

https://www.sunwestdirect.com/Sun West will lend down to a credit score of 500

Apr 11th 2016
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Miguel Vazquez (miguel@homecentralfinancial.com)
#1164 ranked lender in California - 4 contributions

Hi, I would have to look at your details to know exactly what we need to work on to get you into your home...

Apr 11th 2016
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Miguel Vazquez (miguel@homecentralfinancial.com)
#1164 ranked lender in California - 4 contributions

My experience has been that even if you don't qualify at the present moment we can still work on your file so that we get you ready in the shortest time possible...

Apr 11th 2016
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Miguel Vazquez (miguel@homecentralfinancial.com)
#1164 ranked lender in California - 4 contributions

If we have to work on raising your fico then we will work on doing that...Anyhow, my direct number is 562-881-9811...You can call me or text me...You can also email me at miguel@homecentralfinancial.com...I've had clients with similar situations & after working on resolving their issues we got them into their home...Perhaps its a quick fix and if not we will still work to get you a loan sooner rather than later...

Apr 11th 2016
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Miguel Vazquez (miguel@homecentralfinancial.com)
#1164 ranked lender in California - 4 contributions

The important thing is to be pro-active about working on resolving the issue(s) that is preventing you from getting the loan...Thanks..Hope this help...

Apr 11th 2016
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Steven Tavera (steven.leadingmortgage@gmail.com)
#1187 ranked lender in California - 2 contributions

Hello Latice, what state did you find that home you love? I work with many buyers with credit scores 550 and up. Feel free to email me at steven.leadingmortgage@gmail.com

Apr 11th 2016
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Cesar Silva (cesar@pointmtg.com)
#1148 ranked lender in California - 1 contribution

HI, if you are looking to purchase in CA, we can help with fico scores over 580. 619-813-2313

Apr 11th 2016
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

Although many lenders advertise they will lend down to that score, the reality is that the lower the score, the more strict the guidelines, and few that apply actually get approved.. Also understand that knowing one of your 3 scores is not nearly enough information for a lender to make a decision.. so without knowing your complete profile, it's impossible for anyone here to advise you properly.. The most glaring thing is that if you score is that low, then it's very likely you have some major derogatory credit.. certain credit deficiencies have mandatory waiting periods.. Foreclosure? BK? Short Sale? Judgments? unpaid student loans? etc.. You could have a 750 credit score, yet with one of these deficiencies, you still might be denied.. 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

Apr 11th 2016
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Having the same problem. I was told that I could get a loan with my 590 but I only had a 50% chance of getting it approved and the lender didn't want to chance it. If I can pay and maintain my current rent, utilities, and other bills then the fact that I have student loan debt shouldn't hold me back, but it is! All because I went to school when I was in my teens and didn't pay on my loans because I didn't have a job. :(

Apr 19th 2016
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