635 Credit Score Mortgage

Options for getting a mortgage loan with 635 Credit score

With a credit score of 635, you have the option to get conventional mortgages, Jumbo, Super Jumbo, FHA, Va, USDA, Non-QM, and hard money loans. Lendersa can help you decide which loan program is most optimum based on your unique financial situation and needs. For commercial properties-type loans, your credit score is good enough for certain bank loans, Subprime SBA loans, or loans funded by private money lenders.

Best rate & terms for your 635 credit score

To be approved for a loan, your credit score is one of several factors that will decide the loan amount and the rate& terms you will get. Among the factors are: low LTV, income stability, cash reserves, low Debt to Income Ratio, Co-borrowers' credit and financials, property conditions, and ten other factors that combined may help or prevent you from getting the loan you need. Timing is another factor to consider, and unfortunately, big banks are often slower than alternative smaller lenders.

Compare 10 lenders to match your unique financing needs

Or check some of the best lenders in the country: https://www.wellsfargo.com/mortgage/rates/ https://www.bankofamerica.com/mortgage/mortgage-rates/ https://www.citi.com/mortgage/refinance-rates https://www.rocketmortgage.com/mortgage-rates

The benefit of using Lendersa advanced qualifier is that it is faster, reliable, and does not require your social security number or other confidential information.


635 credit score mortgage

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Private money lenders for credit score 620-679 635

When you need a mortgage fast and can't wait for bank approval, your only option is to look for private lenders (Hard Money). It is a misconception that only borrowers with bad credit are using hard money loans. Banks must have your tax returns and full financial records before they approve your loan, regardless of credit. When time is of the essence, getting a private money loan could be much more beneficial than letting an opportunity slide by because of bank latency.

Owner-Occupied Residential Non-Owner-Occupied Residential Commercial Hard Money Vacant Land
Max Loan to Value 65.21$ 65.31$ 66.01% 52.5%
Programs Hard Money Hard Money Hard Money Hard Money
Points 2.26 2.99 2.74 3.05
Rate 10.49% 11.38% 10.89% 12.58%
Loan terms 1—5 years 1—10 years 1-10 years 1-3 years
Property Condition Any Any include Fixer-Upper Any Unentitled land- reduce LTV to 32%

The Rates & Terms depend on the Loan-to-Value, credit, property location, condition, and local real estate market condition. Unlike the FHA loan, which has standard underwriting, private money loan programs differ significantly between lenders. It behooves you to contact and get quotes from at least three lenders before you make a decision. See a list of potential hard money lenders or use the Lendersa form to shop for your loan simultaneously with hundreds of private money lenders.

How mortgage brokers rip you off

A small percentage of mortgage brokers could take advantage of your great credit score by trying to charge you an arm and a leg. Therefore, it would be best if you compared 3-10 lenders' programs before deciding on the best lender, thus avoiding mortgage brokers' rip-offs and loan sharks.

Improve your credit score for mortgage

Improving your credit score to above 680 will enhance your chances for better loans. Understanding how credit scores work is the first step to raising your credit.

Here are a few links to resources that could raise your credit score: https://www.usa.gov/credit-reports https://www.fanniemae.com/crediteducation https://myhome.freddiemac.com/refinancing


List of lenders who consider lending to borrowers with 635 credit:

  • brentwood pacific financial
  • 1421 n wanda rd #120, Orange, CA, 92867
  • I invest my time focusing on your financing priorities, explaining your options and delivering the world class experience you expect. My goal is to earn your trust, respect and heartfelt referrals. My vision is to build strong, lifelong relationships, starting today with you. Scott Fredrickson Brentwood Pacific Financial
  • Point Breeze Credit Union
  • 11104 McCormick Road, Hunt Valley, MD, 21031
  • Point Breeze Credit Union offers easy, reliable banking by helping you save time and money. We put our members first and endeavor to make your life easier through friendly, convenient service that makes banking feel less like a chore. As a Point Breeze member, you can expect a warm welcome and a hassle-free experience.
  • Valley Isle Community FCU
  • 160 Paahana Street, Kahului, HI, 96732
  • The Valley Isle Community Federal Credit Union is a full-service financial institution serving all residents on the island of Maui. Established in 1940, our goal is to provide our members high-value financial products with excellent member service and ultimately, improve their quality of lives, as well as the quality of our community.
  • Akron Employees Federal Credit Union
  • 4977 North Ayers Road, Akron, NY, 14001
  • Akron Employees Federal Credit Union Our mission is to provide personal financial services of a superior quality to the members; our chief concern being their financial well-being. We will use automation and technology to support a highly trained group of volunteers and staff.Professional managers will be accountable for the quality of service
  • JP Mortgage Lending
  • 422 Allegheny Street, Hollidaysburg, PA, 16648
  • Our company is based on the belief that our customers’ needs and those of their family are of the utmost importance. Our entire team is committed to meeting those needs. As a result, over 80 percent of our business is from repeat customers and referrals. We value our Past Clients, Realtor, Builder and Financial Planner relationships.
  • Nova UA Federal Credit Union
  • 851 Allwood Road, Clifton, NJ, 07012
  • Nova UA Federal Credit Union was chartered in 1959 as Self Reliance (Passaic, NJ) Federal Credit Union. Since inception, we have maintained the same sponsor and subsequently became a community charter. Founded on the principle of people helping people, our credit union provided
  • Fidelity Funding
  • 3452 E. Foothill Blvd, Suite 530, Pasadena, CA, 91107
  • Fidelity Funding is a nationwide leading direct lender that has served thousands of satisfied customers. The mortgage professionals at Fidelity Funding strive to build lasting business relationships based on not only offering you low rates, but on sound business practices. Our professionals have been serving clients for more
  • Bank of Brodhead
  • 806 East Exchange Street, Brodhead, WI, 53520
  • Our Vision is to be a strong, stable, independent community Bank built on the community’s trust since 1896. We will reaffirm that trust daily by delivering financial solutions and striving to remain a dependable partner—consistently delivering exceptional outcomes to everyone, fairly and equitably.
  • Maquoketa State Bank
  • 203 N Main St, Maquoketa, IA, 52060
  • As a locally owned bank, Maquoketa State Bank is in touch with the community we serve and is responsive to the financial needs of our cuWe work hard to provide innovative solutions that give our customers, our neighbors, employers and friends, a safe and secure financial future...
  • Tacoma Longshoremen Credit Union
  • 3602 Alexander Avenue, Tacoma, WA, 98424
  • The Tacoma Longshoremen Credit Union is a member-owned financial institution whose purpose is to meet its member's financial needs and promote the financial well-being of its members by providing them with financial services in a friendly and considerate manner. and The Tacoma Longshoremen Credit Union is a not for profit.
  • Prosperity Bank
  • 80 Sugar Creek Center Blvd, Sugar Land, TX, 77478
  • We believe in a community Banking philosophy where personal relationships & great experiences go hand-in-hand. We provide convenient technology options that our customers expect – all backed by the highest level of security. At every touch point, you’ll find knowledgeable associates ready to serve our customers with accuracy.
  • Calstar Realty and Mortgage
  • 1033 Foothill Boulevard, La Canada Flintridge, CA, 91011
  • Calstar Realty and Mortgage Services has achieved the highest level of production by providing superior service to its customers. Our mission is to become the premier real estate and financial service provider to our clientele. Our emphasis is on creating a completely satisfied client for life.