Credit Score in 53168>Question Details

candace-1981, Home Buyer in Youngsville, LA

I have a 623 credit score.The new FHA requirements are 640 for 2013,I believe I qualify for a USDRA loan. Can someone help me get a loan?

Asked by candace-1981, Youngsville, LA Tue Apr 2, 2013

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Where are you looking to buy? I can put you in touch with a lender.
0 votes Thank Flag Link Tue Apr 2, 2013
Yes. Check out The Lenders Network they have helped a few of my clients with low credit scores, they will refer you to a lender that has a loan product for you. 580 credit score needed for FHA.
3 votes Thank Flag Link Tue Oct 22, 2013
Good morning candace,

Actually, different Lenders have different requirements for lending under FHA Guidelines, including the ability to lend with a credit score of 620. You should get a referral to a Local Mortgage Banker in your community. You'll find a much higher quality of service, experience and knowledge with a Mortgage Banker than you would with a depository bank. You may find that your Mortgage Banker can either qualify you or at least point you in the right direction on the steps you need to take to increase your credit score sufficiently to qualify.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services

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1 vote Thank Flag Link Thu Apr 11, 2013
We are able to consider financing a home down to a 580 middle credit score under FHA and 620 with USDA Rural Housing. Where are you looking to purchase? If in WI I can help you or if else where I can give you a referral to someone at Prospect Mortgage in another state.

Please contact me if you would like to discuss your situation further.

Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211
262-327-5700 Cell, 877-868-9198 Fax,
0 votes Thank Flag Link Tue Oct 22, 2013
Hi Candace: I can help if you are looking for a property in Wisconsin!!! Prospect Mortgage can go down to a 580 credit score on an FHA loan and the min. credit score for USDA Rural Housing is 620. Let me know what state you are purchasing in and either I can help you if WI or I can refer you to a Prospect Mortgage Loan officer in your state!

Mandy Fritsche - Mortgage Loan Officer - NMLS# 557211 - Licensed In Wisconsin
262-327-5700 Cell, 877-868-9198 Fax,
0 votes Thank Flag Link Tue Apr 2, 2013
I can send you a couple of lenders I think may help you out....
0 votes Thank Flag Link Tue Apr 2, 2013
that would be great!!
Flag Tue Apr 2, 2013
You need to contact a lender to discuss all your options.
Yes there are new requirements but a lender will give you the best advise.
0 votes Thank Flag Link Tue Apr 2, 2013
Candace, have you reached out to the USDA office? Mini
0 votes Thank Flag Link Tue Apr 2, 2013
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