708 Credit Score Mortgage

Options for getting a mortgage loan with 708 Credit score

With your good 708 credit score, you could expect quality mortgage programs and competitive rates & terms. Conventional mortgages, Jumbo, Super Jumbo, FHA, Va, USDA, and Non-QM loans are at your fingertips, and every lender in the country will try to compete for your business.

Best rate & terms for your 708 credit score

Your credit score does not guarantee you will get your loan approved. LTV, Income stability, cash reserves, location, Debt to Income ratio, Co-borrowers, property type, property conditions, and ten other factors 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.


708 credit score mortgage

Compare 10 Lenders In Minutes

No Social security # is needed to find and compare the best matching loan programs from up to 10 lenders

Private money lenders for credit score 680-719 708

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 67.63$ 67.66$ 67.9% 53.9%
Programs Hard Money Hard Money Hard Money Hard Money
Points 1.56 2.29 2.04 2.35
Rate 9.79% 10.68% 10.19% 11.88%
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 800 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 708 credit:

  • Sentry Bank
  • 400 4th Ave NE, Saint Joseph, MN, 56374
  • Since 1904 we have seen the Great Depression, the Great Recssion and two world wars. We have had 19 different presidents, including 11 republicans and 8 democrats and added 5 states to the union. We've moved from silver certificates to Federal Reserve Notes and done away with the gold standard.
  • Heartland Credit Union
  • 5325 High Crossing Boulevard, Madison, WI, 53718
  • "Heartland Credit Union is a full-service, financial cooperative based in Madison, Wisconsin with more than 21, 000 member-owners. We serve southwest Wisconsin and eastern Iowa. We have locations in Madison, Verona, DeForest, Dodgeville, Platteville and Lancaster. Please visit our website for info on all our locations."
  • New Century Financial Mortgage
  • 19901 E Country Club Dr APT 503, Aventura, FL, 33180
  • New Century Financial Mortgage Founded in 2020 with a mission to provide new age home financing solutions for people craving a thoughtful, personalized approach, New Century Financial Mortgage first entered the scene in Aventura, Florida. Since its inception, it has since grown to become one of Florida’s premier mortgage brokerages.
  • 5 Star Community Credit Union
  • 100 S Cherry Street, Mount Pleasant, IA, 52641
  • 5 Star Community Credit Union is committed to serving our members and our community! When you walk in our door, we like to know your name. We offer competitive loan rates all the way from recreational loans to auto and even home. We serve almost 5,000 members and have 2 locations for your convenience, Mt. Pleasant and West Burlington, IA.
  • Prime Home Loans Inc
  • 2444 Highway 120, Suite 101, Duluth, GA, 30097
  • Prime Home Loans Inc Founded in 2004 offers the most efficient and the simplest way to getting a mortgage. Getting your mortgage approved is very similar to an artistic drawing. We gather all the required documents to really help you get the clear picture on a product that can fit your needs.
  • Bay Port State Bank
  • 9840 Main Street, Bay Port, MI, 48720
  • Over 100 years ago, the Bay Port State Bank of W.H. Wallace and Company was established to serve the financial needs of the area. Bay Port State Bank is proud to be part of this growing community and looks forward to many more years of service. Bay Port State Bank Shall always be mindful of the need to increase shareholder value.
  • American Pride Bank
  • 4740 Log Cabin Drive, Macon, GA, 31204
  • The American Pride Bank location of American Pride Bank was established Dec 12, 2007 (14 years and 5 months ago). They are one of 4 branch locations operated by American Pride Bank. For ATM locations, drive-thru hours, deposit info, and more information consider visiting their online banking site at: www.americanpridebank.com APB is a communit
  • Top Class Mortgage, Inc
  • 1125 NE 125 Street suite 300-8, Miami, FL, 33161
  • Top Class Mortgage Inc is a professional mortgage lending and brokering firm. We offer a wide range of loan options and mortgage services to homebuyers, investors and builders. We are license in Florida and Georgia, and we speak English and Creole. Your wealth fare and satisfaction are our priority.
  • Linear Home Loans Inc.
  • 30220 Rancho Viejo Road, Suite E, San Juan Capistrano, CA, 92675
  • Linear Home Loans was founded in 2008 on the principles of fair and ethical lending, with a customer-centric strategy to deliver great service and competitive rates.We strive to provide only the best customer service as it is our goal to make sure every client of ours has a positive mortgage experience.
  • Credible Operations Inc
  • 320 Blackwell Street, Suite 200, Durham, NC, 27701
  • Credible brings simplicity, choice and unbiased support to all of life’s important financial decisions. With Credible, borrowers are always in control. We let you compare personalized loan offers from multiple vetted lenders, giving you the power and confidence to improve your financial future.
  • Sweetwater Regional Federal Credit Union
  • 1900 Preston Road, Sweetwater, TX, 79556
  • Sweetwater Regional Federal Credit Union is a member-owned financial institution committed to the international credit union philosophy of “People Helping People”. That means we aim to help you build your financial stability. And we do that by returning profits to members in the form of lower loan rates, higher savings rates.
  • Grace Capital Group Real Estate Partners
  • 301 Forest Ave, Laguna Beach, CA, 92651
  • Grace Capital has been engineering financial solutions for Middle Market Real Estate Companies for more than 20 Years, nationwide. Over $3 Billion of debt, equity & investments closed with Teamwork, Precision & Execution thru Direct Lending, Family Offices, Private Funds, Wealthy Investors,