753 Credit Score Mortgage

Options for getting a mortgage loan with 753 Credit score

With your good 753 credit score, you could expect the highest quality mortgage programs and the best rate &terms. Conventional mortgages, Jumbo, Super Jumbo, FHA, Va, USDA, and Non-QM loans are at your fingertips, and lenders will swoon over your loan request to compete for your business. Your top-rated credit score can compensate for a high debt-to-income ratio ( DTI), low reserves, or high LTV.

Best rate & terms for your 753 credit score

A high score credit 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.


753 credit score mortgage

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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 753

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 72.33$ 72.37$ 72.54% 54.44%
Programs Hard Money Hard Money Hard Money Hard Money
Points 1.29 2.02 1.77 2.08
Rate 9.52% 10.41% 9.92% 11.61%
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 35%

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

753 is a low score; unfortunately, a small percentage of mortgage brokers could take advantage of your credit disadvantage 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 753 credit:

  • Better Ask Jack
  • 28310 Roadside Drive, Suite 229, Agoura Hills, CA, 91301
  • We are a United Wholsale Mortgage partner so that we may help provide financing that the Banks find too challanging.Also many sellers employ Revers Mortgages to reduce expenses when retired or for the tax benefits.Many Buyers have equity in their homes that permits them to do cash out refis, reducing payment to almost a third of what a regular bank
  • Security Bank & Trust Co.
  • 2202 11th Street East, Glencoe, MN, 55336
  • Our success is made possible by the quality of our personal and business relationships. The products and services we offer are more effective by the relationships we build. We are committed to supporting the communities we serve and are dedicated to help meet their individual and business needs.
  • Tideline Financial LLC
  • 211 West Lexington Avenue, Suite 101, High Point, NC, 27262
  • Tideline Financial Team is committed to providing clients with the highest quality home loans combined with some of the lowest mortgage rates available in all of North Carolina. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of mortgage brokers
  • Clackamas County Bank
  • 38975 Proctor Blvd., Sandy, OR, 97055
  • To be a locally owned, independent community bank, dedicated to delivering high-quality personalized banking services to our customers and to our communities while maintaining a sound, profitable investment for our shareholders. We are a full-service bank in the Sandy, Welches, Boring & Gresham area.
  • Stepstone Mortgage Company Inc
  • 89 Front Street, Suite 313, Marblehead, MA, 01945
  • We have been in business since 1988 and have helped thousands of homeowners purchase their new home, refinance into a lower rate, or get cash for home improvements, investments, business, debt consolidation, and college. Call us and see what the Stepstone Advantage is all about. We will strive to find the right mortgage product for you.
  • De Soto Mo Pac Credit Union
  • 2082 Rock Road, De Soto, MO, 63020
  • De Soto Mo Pac Credit Union, founded in 1939, is a federally insured, member-owned, not-for-profit financial institution. Our purpose is to promote the financial well-being of its members. We offer our members higher rates on savings, and lower rates on loans. One of our strengths has always been our care
  • Simplify Mortgage
  • 8637 East Osborn Road, Scottsdale, AZ, 85251
  • Our main goal is to make the home loan process easier for consumers. Getting a home loan can be difficult. We're changing that. Mortgages could be a much easier process, but some companies won't give up their archaic systems and processes.While we aren't in control of every aspect of the process the goal is to simplify the things we can.
  • Dannemora Federal Credit Union
  • 344 Tom Miller Road, Plattsburgh, NY, 12901
  • For over 60 years Dannemora Federal Credit Union has been serving our community. DFCU was organized in 1958 by a group of employees of the Dannemora State Hospital interested in creating a place where they and fellow employees could save and borrow money safely, confidentially, and at fair rate of return.
  • BCBST Employee Credit Union
  • 1 Cameron Hill Circle, Chattanooga, TN, 37402
  • The credit union began operating on January 1, 1972, with 452 members & $4, 766 in shares. After over 5 decades of service, the credit union’s membership has increased to over 2, 800, with total assets exceeding $10 million. You can do business with the BCBST Employee CU with confidence because of its history of stability, professionalism & growth.