619 Credit Score Mortgage

Options for getting a mortgage loan with 619 Credit score

With 619 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 3.5% down and compensating factors such as low DTI (Debt to Income ratio), stable income, and reserves.

FHA, Fannie-Freddie, VA, USDA, and Non-QM (Subprime)

At a low credit score of 619 You should try to increase your credit to 625, which will open the door for Conventional (Fannie- Freddie) loans, Va, or USDA. Your best bet is an FHA loan, explore https://www.hud.gov/program_offices/housing, and you may qualify for a Non-QM loan. Subprime lenders offer Non-Qm loan programs that allow you to qualify without showing tax returns may consider arranging a loan if the LTV is under 70%. Enter your data here into our FHA/Subprime loan eligibility calculator to explore all your options.


619 credit score mortgage

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Private money lenders for credit score 619

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 90.00% 64.89$ 64.99$ 65.69% 52.18%
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 1.52 2.42 3.15 2.9 3.21
Rate 6.59% 10.65% 11.54% 11.05% 12.74%
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

619 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 better mortgage!

You are close to 625 crdit score with the opprutnity to 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 619 credit:

  • United Wholesale Lending
  • 1677 Eureka Rd, Suite 201, Roseville, CA, 95661
  • "UWL’s success is based on a simple but effective principle: attract great people, to a great workplace, and give them the tools they need to do great work. ​We’re a winning team dedicated to making dreams come true for our team members, our referral partners, and the homeowners we all serve."
  • Hard Money Bankers
  • 10015 Old Columbia Rd, Suite H-125, Columbia, MD, 21046
  • HARD MONEY BANKERS is a full service and self-funded private/hard money lending company providing fast and flexible financing for residential and commercial investment real estate deals. We are currently lending in Maryland, Washington DC, Virginia, Pennsylvania, Delaware and New Jersey.
  • Old Glory Mortgage Inc
  • 10 East Lancaster Avenue, Paoli, PA, 19301
  • Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs
  • Klamath River Mortgage
  • 6000 S. 6th Street, Klamath Falls, OR, 97603
  • We are licensed & regulated financial professionals who bridge the gap between borrowers & lenders.Our environment is friendly yet professional.We anticipate hiccups before they occur & our decades of experience head of issues that keep you from closing on time.Because we work with so many lenders, what may not work with one may work with another.
  • Cogent Financial
  • 3800 American Blvd, Suite 1500, Bloomington, MN, 05543
  • Cogent Financial offers a wide array of mortgage products and programs that are designed to meet all your needs. We are prepared to place you in the best program available. Conventional: Our goal is to provide you with a fast approval as well as the most competitive rates possible. We offer fixed and adjustable rate mortgages
  • Indiana Members Credit Union
  • PO Box 47769, Indianapolis, IN, 46247
  • Indiana Members Credit Union was established as Indiana University Medical Center Federal Credit Union in 1956 by employees of the Indiana University Medical Center, on what is today’s IUPUI Campus. Established as a member-owned, not-for-profit financial institution, founded on and by the employees of the IU Medical Center.
  • Nevada Home Loans
  • 500 N Rainbow Blvd, Suite 300, Las Vegas, NV, 89107
  • At Nevada Home Loans we believe in hiring amazing people and providing them with the benefits and opportunities they need to develop in both their personal, and professional life. We help our loan officers grow in their current roles and dream about what’s next.We take pride in the fact that our loan officers are changing the lives of the people
  • AIC Advanced Investment Corp
  • 380 Q Street, Suite 240, Springfield, OR, 97477
  • AIC is a Eugene/Springfield OR based company offering Private Money loans for Non-Owner occupied residential as well as Commercial properties located in Oregon. AIC's common sense real estate loans are for bona fide business purposes and not intended for personal or household purposes.
  • Blackhawk Bank
  • 400 Broad Street, Beloit, WI, 53511
  • Blackhawk Bank is a leading community bank serving clients in northern Illinois and southern Wisconsin. Eight full service banking centers are located along the corridor that stretches from Beloit, Wisconsin to Belvidere, Illinois. Experience a relaxed atmosphere where highly respected.
  • Swift Mortgages
  • 7324 Southwest Fwy, Suite 660, Houston, TX, 77074
  • At Swift Mortgages, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you.
  • Midwest Bankers Mortgage Services Inc
  • 9745 Randall Drive, Suite 130, Indianapolis, IN, 46280
  • 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.