635 Credit Score Mortgage

Options for getting a mortgage loan with 635 Credit score

With a credit score of 635, 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 635 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.


635 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 620-679 635

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 65.21$ 65.31$ 66.01% 52.5%
Programs Hard Money Hard Money Hard Money Hard Money
Points 2.26 2.99 2.74 3.05
Rate 10.49% 11.38% 10.89% 12.58%
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 635 credit:

  • UniWyo Credit Union
  • 2020 Grand Ave, Suite 100, Laramie, WY, 82070
  • At UniWyo, we put people first - our members, our colleagues, everyone in our communities. In all we do - even the smallest interactions - we aim to better people's lives. UniWyo Credit Union offers members unique account and loan options including Auto Loans, Mortgages, Xtraordinary Checking, Credit Cards and much more.
  • Davis Mortgage LTD
  • 4313 Corrales Road, Suite 6, Corrales, NM, 87048
  • Davis Mortgage LTD is committed to providing clients with the highest quality financial services combined with the lowest rates available anywhere. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs
  • 1st National Bank
  • 1160 E Main St, Lebanon, OH, 45036
  • 1st National Bank is a community bank serving Southwestern Ohio. We offer competitive banking services to fulfill the needs of our community in a friendly, courteous fashion and provide the most convenient banking tools available. It's just how we think about banking and customers
  • Amboy Bank
  • 3590 US Highway 9 South, Old Bridge, NJ, 08857
  • Amboy Bank is a community bank offering banking services for individuals and businesses in New Jersey for over 130 years. Amboy's branch offices provide checking, savings, mortgages, home equity and business loans among many other high quality services. Amboy continues to be recognized as the Best Bank in Central New Jersey more than 20 years.
  • AS IS LOANS
  • 2875 NE 191 Street, Suite 500, Aventura, FL, 33180
  • AS IS LOANS is a Private Hard Money Loans | 30 Year No Doc Investor Mortgages | Asset Based Loans | Alternative Financing | Residential & Commercial Lending | Portfolio Loans | Consulting Nationwide financing for residential, mixed-use, and commercial properties. 1 - 5 year hard money loans and 30 year fixed rate no doc mortgages.
  • KINGS PEAK CREDIT UNION
  • 180 N 300 E, Roosevelt, UT, 84066
  • Kings Peak Credit Union has been serving the residents of the Uintah Basin since 1955. It is our mission to serve our members with the best financial service. and also Kings Peak Credit Union was formed to help local people with their financing needs; that is still true today. Our Board of Directors are focused on helping our members.
  • California Funding & Investments
  • 700 East Shaw Avenue, Fresno, CA, 93710
  • 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.
  • Bay Credit Union
  • 601 N Highway 231, Panama City, FL, 32405
  • Bay Credit Union was established in August of 1952 as International Paper Employees Federal Credit Union. In 1976 the name was changed to Bay County Industrial Credit Union to more adequately reflect the expanded membership. Again in 1987 the name was changed to Bay Credit Union when our field of membership was opened to virtually.
  • The First National Bank and Trust Co.
  • 302 W Chickasha Ave, Chickasha, OK, 73018
  • At First National Bank & Trust Co. We have expertise in the widest range of banking services you’ll find in the area — Treasury Management, Trust Services, the full array of lobby and digital-platform banking services, and more. Best of all, we are your neighbors. Our bankers live and work near each of our 12 banking centers.
  • Nobel Mortgage & Investments, LLC
  • 11111 Katy Fwy #425, Houston, TX, 77079
  • Noble Mortgage & Investments, LLC was founded by Darel I. Daik (Residential Mortgage Loan Originator, NMLS ID#316081) in 2003 to provide innovative, timely, and competitive financing for real estate opportunities. and also We are a direct private real estate lender of hard money & conventional capital for both residential & commercial properties in
  • Auto Loan Store
  • 3489 Davie Blvd, Fort Lauderdale, FL, 33312
  • Auto Loan Store, we understand that everyone needs a little help now and then. Unexpected bills, emergency home repairs and growing debt are just some of the reasons people find themselves needing a little extra cash. We believe that everyone deserves the low hassle loans that can help them make ends meet
  • KEMBA Credit Union
  • 444 South Shortridge Rd, Indianapolis, IN, 46219
  • On October 9, 1933, KEMBA Indianapolis Credit Union was chartered to serve the employees of the Kroger Company and their families in and around Indianapolis. The credit union was started by a group of Kroger employees who needed a safe place to save and borrow. KEMBA is an acronym for “Kroger Employee Mutual Benefits Association”.