527 Credit Score Mortgage

Options for getting a mortgage loan with 527 Credit score

With 527 credit score, you have several options for a mortgage. Purchase or refinance through FHA or financing by private money lenders, aka hard money lenders. To obtain a HUD FHA loan, you must have at least 10% down and compensating factors such as low DTI (Debt to Income ratio), stable income, and reserves.

FHA, Fannie-Freddie, VA, USDA and Subprime, Non-QM loans

With poor credit of 527 you are not eligible for Conventional (Fannie- Freddie) loans, Va, or USDA. To find out if you are qualified for an FHA loan, explore https://www.hud.gov/program_offices/housing . You may be able to get a Subprime loan with LTV under 65%. Find out wht loan you qualify for with our FHA /Subprime eligibility calculator If your credit score is 580 or higher, you may need only a 3.5% down payment.


527 credit score mortgage

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Private money lenders for credit score 527

Despite having a low credit score, Private investors will refinance your mortgage as long as you have enough equity in the property or you put in a large down payment.

Owner-Occupied Residential FHA Owner-Occupied Residential Hard Money Non-Owner-Occupied Residential Commercial Vacant Land
Max Loan to Value 90$ 60.56$ 60.66$ 62.06% 50.41%
Programs FHA Hard Money Hard Money Hard Money Hard Money
Vesting Natural name Natural, Corporation, LLC Natural, Corporation, LLC Natural, Corporation, LLC Natural, Corporation, LLC
Tax Returns 2 years tax- Must documents showing ATR Alt documents or equity-only loans Alt documents or equity-only loans Alt documents or equity-only loans
Points 3.13 3.09 3.82 3.57 3.88
Rate 7.42% 11.32% 12.21% 11.72% 13.41%
Loan terms 30 years or 15 years 1—5 years 1—5 years 1-7 years 1-3 years
Property Condition Good condition Any Any include Fixer-Upper Any Unentitled land reduce LTV to 29.23

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

527 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

Credit scores of 625 or above will open the door for more loan programs and better rates & terms. If you are not rushing to refinance or purchase a property, consider raising your credit score before attempting a loan review. Check our recommended resources to improve your credit at the bottom of the page Improving your credit score 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 527 credit:

  • CIB Funding
  • 26413 Jefferson Ave, Murrieta, CA, 92562
  • CIB Funding, a division of Golden Empire Mortgage, has been serving the mortgage industry in Southern California for over 22 years and also CIB Funding has led the Inland Empire in government lending for the past 10 years. FHA borrowers can expect excellent service from the most knowledgeable and experienced team of mortgage originators available.
  • Wauna Credit Union
  • 101 SE Truehaak Street, Clatskanie, OR, 97016
  • At Wauna Credit Union we live our mission to provide opportunities for our members to build their financial well-being. We offer a full array of financial services - Checking & Savings Accounts, Personal Loans, Mortgages, Home Equity Loans, Business Services and Lending, IRAs and investment services.
  • Pathway Mortgage
  • 39555 Orchard Hill Place, Suite 600, Novi, MI, 48375
  • 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. We've been helping customers afford the home of their dreams for many years and we love what we do.
  • Liberty Financial
  • 1010 Hurley Way # 290, Sacramento, CA, 95825
  • Whether your buying, selling or looking to invest into real estate my goal is to serve each client’s individual needs by providing exceptional customer service and dedication to find your ideal home. I will guide you along the way through buying/selling process to achieve outstanding results.
  • Carriage House Mortgage Company
  • 170 US Route 1, Suite 160, Falmouth, ME, 04105
  • Carriage House Mortgage seeks to create excellence within the real estate community. It is our goal to provide sensible, prudent and expert lending services to each one of our clients. We will ensure that we provide only the most appropriate lending products. Our goal is to provide our customers with fair mortgage rates at reasonable prices.
  • Preferred Mortgage Corporation of New York
  • 1674 Empire Blvd, Suite 200, Garden City, NY, 14580
  • We’re a full service mortgage broker based in Rochester, NY specializing in all residential loan types including FHA, VA, USDA, Conventional, & Jumbo loan programs.We serve all of New York State including cities such as Buffalo, Syracuse, Albany, Binghamton & New York City.Whether you’re buying an existing home,building a new home, or refinancing
  • MaggieMae
  • 511 Energy Center Dr, Suite 702, Northport, AL, 35473
  • MaggieMae is a division of Consumer First Mortgage, Inc. (CFM), a privately held residential mortgage lending corporation based in Tuscaloosa, Alabama. CFM was founded in 2000, and we hold national lending and underwriting approvals from the Federal Housing Authority (FHA), the Department of Veterans Affairs (VA),
  • Pronto Mortgage
  • 217 F Pleasant Valley Road, Jeannette, PA, 15644
  • 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.
  • Avalon Mortgage Services Inc
  • 9439 West 144th Place, Orland Park, IL, 60462
  • Avalon Mortgage Services, Inc. offer personalized service & some of the most competitive rates in the mortgage industry. Our clients continue to recommend us because of our experience & knowledge of every aspect of the mortgage business & real estate market. Our expertise makes the purchase or sale of our client's homes & investment properties.