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Looking for mortgage to purchase home in Iowa

FICO is currently 614, only collection accounts are medical, 3 open and active credit cards in good standing, $0 balances. Have decent down payment, need to get into a larger house for expanding family asap. Are there any lenders/programs that can help? by alliso_736_587 from Waterloo, Iowa. May 19th 2013 Reply


Ralph Richard Guertin (ralph@absolutelowrates.com)
#1 ranked lender in Florida - 796 contributions

Fha is the way to go...seek out a local broker ...and if they need help placing loan have them contact me and I will help...we don't lend in Iowa.

May 19th 2013
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Justin Olson (Justin@iowamortgagepro.com)
#8 ranked lender in Iowa - 7 contributions

I can help you. I'm in WDM. 515-2253100 ext 109. I can finance down to a 600 score. -Justin

May 19th 2013
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Charlie Sparks (CharlieSparks)
#9 ranked lender in New Mexico - 397 contributions

Des Moines, my hometown! Call Justin as he is in IA and says he can work with your score. BTW, if you are on facebook check out the group Lost Des Moines, it's fantastic!

May 19th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

FHA is your best option,

May 19th 2013
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James Mazzola (Mazzola)
#110 ranked lender in New Jersey - 313 contributions

Fha is the way to go

May 20th 2013
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Jake Droge (www.jakedroge.com)
#1 ranked lender in South Dakota - 15 contributions

I can also look at this option for you. My direct line is 605 941 7029 and am located near Sioux Falls, SD.

May 20th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,930 contributions

A 614 credit score is considered bad credit. The vast majority of lenders will not go below 640, which really limits your options. The good news is, a small number of FHA lenders WILL lend with a 614 middle score. The reality is, score alone does not an approval make. Contact a local mortgage broker, and good luck.

May 20th 2013
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J.D. Peck (MortgageColoradoSprings)
#45 ranked lender in Colorado - 77 contributions

You should be able to obtain FHA financing however, you will need to search around a bit as most lenders have overlays which prohibit anything below a particular credit score (generally 640 or 620).

May 20th 2013
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Danyel Peck (DanyelPeck)
#16 ranked lender in Iowa - 4 contributions

Typically a 620 credit score is going to be needed for financing. We offer assistance to gain the credit score points you need in order to buy a home. Where is the home you are looking to purchase? I only lend in Iowa. Please feel free to call me or apply online!Danyel Peck, 515-669-4560 or www.danyelpeck.com I'd be happy to assist you through this process and any questions you may have.

May 20th 2013
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Pete Bass (PeteBass)
#31 ranked lender in Connecticut - 476 contributions

You will need to go FHA- some lenders will go down to your score depending on your down payment- there are good lenders hereon lender 411 that may be able to assist you-Pete

May 20th 2013
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

Contact a lender that is licensed in Iowa to look into your loan options. Based on your credit score an FHA loan might be the right option for you.

May 20th 2013
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Jeannie Swords (Jeannie)
#95 ranked lender in Illinois - 6 contributions

I can do FHA loans down to 580 credit score. you can call me at 309-781-7110, email me at jswords or make application on my website at jeannieswords.com. I am in the Quad Cities.

May 20th 2013
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Jeannie Swords (Jeannie)
#95 ranked lender in Illinois - 6 contributions

I can do fha loans down to 580 credit score with a minimum of 3.5% down. You can make application on my website at jeannieswords.com. Located in the Quad Cities.

May 20th 2013
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