625 Credit Score Mortgage

Options for getting a mortgage loan with 625 Credit score

With a credit score of 625, 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 625 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.


625 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 620-679 625

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 65.01$ 65.11$ 65.81% 52.3%
Programs Hard Money Hard Money Hard Money Hard Money
Points 2.36 3.09 2.84 3.15
Rate 10.59% 11.48% 10.99% 12.68%
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 625 credit:

  • E Mortgage Home Loans, Inc
  • 1111 Sixth Avenue, Suite 300, San Diego, CA, 92101
  • Bringing over 20 years of extensive hands-on experience to the table, our mortgage brokering company makes sure you and your loved ones are living in the home of your dreams while saving every penny. Fully licensed in California, Colorado and Florida, we have had the opportunity to broker deals here locally in San Diego and beyond.
  • Loan Solutions Team LLC
  • 1500 Gateway Blvd, Suite 220, Boynton Beach, FL, 33426
  • 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.
  • Community Home Mortgage
  • 12 South Grant Street, Roseville, CA, 95678
  • We will treat you with the respect due an esteemed customer and give you the personal service you deserve. We understand the big commitment you are making in buying a home, refinancing a mortgage, or cashing out your home equity. So we make a commitment to you: we will help you qualify, apply and be approved for the ideal mortgage for you.
  • Preston Hollow Financial Services Inc
  • 13709 Braemar Drive, Dallas, TX, 75234
  • Preston Hollow Financial Services, Inc. is a full service Mortgage Boutique offering personalized analysis and execution for your purchase, refinance, construction and home equity needs. We facilitate mortgage throughout the great State of Texas and have professional relationships with other title and insurance companies.
  • Hotchkiss Financial, Inc.
  • 1945 East Mabel Street, Tucson, AZ, 85719
  • We have very competitive Interest Rates. Our loans are customized to fit the borrower's needs. Because we are a small company, we can follow every detail of your transaction. We will keep you informed regarding the loan progress, from start to finish. We have access to a large network of investors. We have a wide variety of products
  • MAV Mortgage
  • 755 North Peach Ave Suite H5, Clovis, CA, 93611
  • At MAV Mortgage, 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 & your family from the many mortgage options that are available.
  • Luther Burbank Savings
  • 175 South Beverly Dr, Beverly Hills, CA, 90212
  • Luther Burbank Savings offers a comprehensive suite of lending and savings products designed to protect and expand your enduring worth. We opened our doors in 1983 and recorded a profit in our second quarter of operations and in every quarter since. This is a true testament to our team's efforts to maintain fiscally sound banking practices
  • Diversified Home Mortgage
  • 1750 Sky Lark Lane 1700, Houston, TX, 77056
  • 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
  • Heidelberg Capital Corp
  • 17513 Canal Shores Drive, Odessa, FL, 33556
  • Heidelberg Capital Corp. is a Licensed Florida Mortgage Brokerage Corporation dedicated to helping Florida consumers make informed real estate financing decisions. Our professional, experienced staff will answer all your real estate financing questions and will ensure your mortgage process goes smoothly from application to funding.
  • C2C Mortgage LLC
  • 4300 B St, Anchorage, AK, 99503
  • At C2C Mortgage LLC we offer more than just your typical buying process. Our knowledgeable staff believes in teaching processes as well. Unlike brokers, banks don't have to disclose what they make on your loan. You may pay more than you need to if you don't shop aggressively. Mortgage banks tend to offer fewer products.
  • MacLagan Home Loans
  • 1015 Deerfield Rd, Unit 235, Deerfield, IL, 600125
  • At MacLagan Home Loans, we're more than just mortgage brokers. We're your partners in achieving the dream of homeownership. Our dedicated team of experts goes above and beyond to provide personalized guidance and support throughout the entire loan process. Let us help you secure the financing you need to make your dream home a reality.
  • Level 1 Loans
  • 602 SW 12th Ave, Fort Lauderdale, FL, 33312
  • "Level1Analytics’ solutions are a simple, cost effective way to obtain accurate and defensible mark-to-market analyses that allow you to make informed decisions regarding your mortgages and mortgage related assets confidently. Our first-of-its-kind cloud based software provides financial institutions with access to critical mortgage valuations