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Im looking for a lender that will offer a mortgage loan with a 608 credit score for a home im minnesota

by darionyagaka760 from , California. Apr 18th 2016 Reply

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

Much more info needed.. having a low score is something that can be worked around, but "Why" the score is so low could be a problem.. we would need to analyze your complete loan profile to determine if you would be eligible.. For this reason, I suggest you 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 NMLS# 226347

Apr 18th 2016
Larry Gray (lgray_312_247)
#592 ranked lender in California - 1,139 contributions

There are a few lenders that will provide an FHA (or VA ) mortgage loan with 3.5% down payment and a 580 to 619 FICO score including us. It will go through a little tougher underwriting process and therefore it is imperative you get Underwriting pre-approved in advance. They can look carefully at your credit, your letter (s) of explanation and how strong your situation currently looks and grant pre-approval.It starts with a good mortgage loan broker/direct lender combo just as us. I am sorry we do not do loans in your region but know that with a careful search you could find qualified, knowledgeable mortgage brokers who could do the loan for you.

Apr 18th 2016
Joe Metzler (JoeMetzler)
#19 ranked lender in Minnesota - 3,981 contributions

I am in Minnesota, and we will look at someone with that low of a score. But remember, score alone does not an approval make. There are so many other issues when someone has that low of a score that can kill the deal. Visit me at

Apr 19th 2016
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