674 Credit Score Mortgage

Options for getting a mortgage loan with 674 Credit score

With a credit score of 674, 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 674 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.


674 credit score mortgage

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Private money lenders for credit score 620-679 674

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 65.99$ 66.09$ 66.79% 53.28%
Programs Hard Money Hard Money Hard Money Hard Money
Points 1.87 2.6 2.35 2.66
Rate 10.1% 10.99% 10.5% 12.19%
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 674 credit:

  • HOME LENDERS OF GEORGIA, LLC
  • 1865 Lockeway Drive, Suite 605, Alpharetta, GA, 30004
  • Home Lenders of Georgia, our experienced mortgage consultants will help you find the best mortgage. We know that each customer has specific needs, so we strive to meet those needs with a wide array of products from FHA Home Loans to VA Loans and all programs in between. We pride ourselves on outstanding customer service
  • Dio Real Estate
  • 17777 Center Court Drive, Suite 600, Cerritos, CA, 90703
  • Dio Real Estate, we are here to simplify this complex process to make it as smooth and as easy for you as possible. We pride ourselves on excellent customer service, connecting you with loan officers who can offer you the best market rates and exceptional solutions that will meet your overall needs
  • The Grossman Companies, Inc.
  • 859 WILLARD STREET SUITE 501, Quincy, MA, 02169
  • First Boston Capital Partners, an affiliate of The Grossman Companies with offices in Quincy, MA and Southport, CT, extends private loans to builders, developers and real estate investors in Massachusetts, Connecticut, Rhode Island, New Hampshire and New York. We provide short-term bridge capital for acquisitions, ground-up construction or renovati
  • Investment & Financial
  • 556 N. Grand Blvd, Diamond Bar, CA, 91765
  • GRAND INVESTMENT&FINANCIAL was founded with the intent to provide a loan for every borrower and every home. With a wide choice of loan products, you'll find a loan program that suits your financial goals, and our skilled loan specialists can walk you through the steps to funding your dreams. With unparalleled customer service
  • Toledo Police Federal Credit Union
  • 4280 Heatherdowns Boulevard, Toledo, OH, 43614
  • We here at the Toledo Police Federal Credit Union are proud to be a part of the credit union movement since we were chartered by the NCUA on March 18, 1940. Since that time we have had the opportunity to provide our members with personalized services to meet their financial needs.
  • Home Quest Lending LLC
  • 4685 South Highland Drive, Suite 105, Holladay, UT, 84117
  • We maintain a high level of communication with our clients and are constantly evolving with the mortgage industry in technology and policy. Our experience and understanding of the process makes for a smooth, efficient closing that our clients rave about time and again. Home Quest Lending, a local mortgage broker here to fund your purchase.
  • Slade Mortgage Group, Inc.
  • 160 Katharine Lee Bates Road, Falmouth, MA, 02540
  • Our team is led by Mike Burton, a 1984 graduate of the University Of Massachusetts School Of Business with a Bachelor Degree in business administration and finance. Mike has over 29 years of experience as a mortgage loan originator. Mike learned the ins-and-outs of the business working at Commonwealth Mortgage Company.
  • United Pacific Mortgage
  • 111 Corporate Drive, Suite 235, Ladera Ranch, CA, 92694
  • United Pacific Mortgage offers competitively priced residential mortgage solutions to customers throughout the United States. Our goal is to deliver complete customer satisfaction by offering a professional, fast, and reliable service. We take a great interest in helping each client reach their financial goals.
  • Patriot Mortgage SBC LLC
  • 2400 Old Minden Road, Suite 5e, Bossier City, LA, 71111
  • Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
  • Wisconsin Mortgage Group LLC
  • 306 N 76th Street, Milwaukee, WI, 53213
  • Wisconsin Mortgage Group LLC, we treat each customer as an individual, not a number. We don’t place you into a loan profile formula created by the banking industry. We use “common sense” and will help you obtain the best loan possible. We represent a wide range of “A” rated lenders with first quality rates to private “hardship” lenders.
  • Muenster State Bank
  • 201 North Main Street, Muenster, TX, 76252
  • Muenster State Bank is a locally owned, independent bank with a very strong capital position and a long history of serving the local area. Muenster State Bank was chartered on June 23, 1923 with the help of local businessmen and community leaders who felt a bank was needed to provide financial leadership for the community.