I have a FICO score of 617 and am a co-borrower applying for a mortgage in las vegas, nv. Is it possible that we could be approved?

Asked by Lasvegasrn2, Las Vegas, NV Wed Mar 31, 2010

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Thu Sep 15, 2011
PrimeLending received an exception from investors, which allows me to offer FHA mortgages for credit 600+.

I am a nationwide lender.

30 day closings available.

Excellent rates, low fees. Close on time.

Jori Stern
Sr. Loan Officer
PrimeLending, A PlainsCapital Company
(877) 399-6539
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ryateslenders, Agent, Plano, TX
Tue Aug 20, 2013
Yes. There are a few lenders that will lend to borrowers with scores in the low 600s, even high 500s. I know of a few I can recommend. Email me or visit our website if you want to speak to someone that can give you some guidance on what to do.
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hello can u tell me the lends i have a 589 can u email me more about that at bill_green27@yahoo.com
Flag Sun Aug 25, 2013
Heather Peck, Home Owner, Las Vegas, NV
Thu Apr 1, 2010
Hello - Most lenders are now requiring a minimum of 620 to finance a borrower, however the score you pull and the one a loan officer pulls can sometimes differ by a few points.

Your best bet is to get prequalified with a lender who can best advise you.

I do have access to a HUD approved program that doesn't go by credit scores. It loans based on what they call character based lending. If you've made payments on time over the last 12-24 months, they can get you approved. The program also offers zero down payment, zero closing costs and a fixed 30 yr rate of 4.75% (currently). Its not the quickest program to get approved through but can save you a ton of money.

Don't hesitate to contact me about this program and more.

Heather Peck
Rosen & Company West
0 votes
Chris Fikkert, Agent, Las Vegas, NV
Wed Mar 31, 2010

Most likely the lender will put the borrower who makes the most money as the main borrower for obvious reasons.It is always good to talk with a mortgage banker as they have a vast amount of programs and are not poised to just offer one line of products that their particular company offers. If you would like assistance feel free to contact me and I would be happy to point you in the right direction.

Chris Fikkert
Web Reference:  http://www.lasredrock.com
0 votes
Dallas Texas, Agent, Dallas, TN
Wed Mar 31, 2010
The lender will normally take the lowest mid score. Best contact mortgage broker who can review your entire file determine what would work for best parties.

Does the co-signer realize this loan will be posted to their credit report. Held full financial obligations on this property taxes, insurance, monthly payments ?

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Web Reference:  http://www.lynn911.com
0 votes
Shawn Gibson, Agent, Las Vegas, NV
Wed Mar 31, 2010

It is possible for you to add another person to title after you close. If you are the only person who can be qualified its the best way. If you have any questions email me at shawn@sgsellsvegas@gmail.com

See my site http://www.sgsellsvegas.com
Read my blog http://www.sgsellsvegasblog.com

Shawn Gibson
Keller Williams MarketPlace I
Web Reference:  http://www.sgsellsvegas.com
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