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I need to find an FHA loan in Seattle WA area. My credit report has several errors on it that need to be corrected. My mid score is now 598, but should improve with the corrections. Is there a loan company that can help me with this and are there any FHA loans in the area that finance with a score below 640?

by pmontg_595 from Seattle, Washington. Jul 26th 2011 Reply


Wendy St Julien (Wendy@stjulienhomeloans.com)
#19 ranked lender in Washington - 9 contributions

Hello,Yes, there is a lender that will go down to a 580 score, and the interest rates reflect it. We can help with credit repair also. Please call if we can be of any service to you.Respectfully,Wendy St. JulienSt. Julien Home Loans6140 Capitol Blvd SE Suite DTumwater, WA 98501360-352-2101360-352-7303 fax

Jul 26th 2011
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,535 contributions

A 598 score is not a good score, and while shopping around enough you may be able to find someone to look at your application, understand two things. First, just because you meet a minimum score requirement doesn't mean you are approved. It simple means you are not automatically denied. Secondly, you likely will pay a penalty in a higher rate for those low scores and you will likely need a larger downpayment. While I understand the desire to buy, it is almost always better to take a little time to understand and fix the credit before buying. Contact a qualified credit repair company for assistance. While it varies slightly by lender, the magic number you want to be above is typically 640 for Government loans (FHA, VA) and 660 for standard Fannie Mae / Freddie Mac loans. Buying or refinancing in MN or WI, visit www.mortgage-duluth.com

Jul 27th 2011
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Steve Sexton (steve@1800valoans.com)
#37 ranked lender in Washington - 23 contributions

There are several lenders that will do FHA down to a 620 score with rates that are in line with the market. If you can get your score improved, it would be worth the effort in long term savings in getting a better rate. I am in Western Washington also, let me know if I can help. Steve Sexton 877-376-0223, steve@1800valoans.com

Jul 27th 2011
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Dave Skow (daveskow)
#16 ranked lender in Washington - 283 contributions

do you still have a FHA loan ?

Jan 24th 2019
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