652 Credit Score Mortgage

Options for getting a mortgage loan with 652 Credit score

With a credit score of 652, 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 652 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.


652 credit score mortgage

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Private money lenders for credit score 620-679 652

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 65.55$ 65.65$ 66.35% 52.84%
Programs Hard Money Hard Money Hard Money Hard Money
Points 2.09 2.82 2.57 2.88
Rate 10.32% 11.21% 10.72% 12.41%
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 652 credit:

  • Pyramid Capital Group Inc
  • 26 Village Green, Suite 10, Bedford, NY, 10506
  • Pyramid Capital Group has established itself in the marketplace since 1993 as a company you can trust. We are comprised of professionals whose goal is to help you better understand the loan process and make it a pleasurable one. Our nationwide network of lenders make it possible for us to handle any type of situation ranging.
  • M.E. Employees Credit Union
  • 111 E Randolph Street, Wausau, WI, 54401
  • M.E. Employees Credit Union serves more than 1500 members. We are governed by a Board of Directors composed entirely of MEECU members whom are elected by the membership. We are a member-owned not-for-profit financial institution striving to bring financial health to all our members.
  • MORTGAGE SOLUTIONS, LP
  • 11133 Interstate 45 S, Suite 310, Conroe, TX, 77302
  • "We are a full-service mortgage brokerage company that is based in Conroe, but serve all of Texas. We’ve been helping customers afford the home of their dreams for many years and we take pride in treating our clients with honesty and integrity. Mortgage Solutions LP NMLS #1636721..
  • The Credit Union for Robertson County
  • 3564 Tom Austin Highway, Springfield, TN, 37172
  • The Credit Union for Robertson County was chartered in 1968 by employees of the Jesse Holman Jones Hospital. At that time, it was known as Jesse Holman Jones Hospital Employees Credit Union. In 1983, the membership expanded to include health-related employees and County and City employees.
  • The Texas Loan Company
  • 1507 S. Main St., Lindale, TX, 75771
  • The Texas Loan Company is a client-focused mortgage brokerage firm that specializes in providing our clients the best product with the best rate while providing the best service. Give us a call we will fund your home dreams and also Conventional mortgages are ideal for buyers with good credit and money to put down.
  • LendFi Mortgage
  • 555 W 5th St 35th Fl, Los Angeles, CA, 90013
  • LendFi Mortgage is making homeownership simpler, faster, and most importantly, more accessible for all Americans. We believe homeownership should be fast, transparent, and low-cost for everyone. We offer unbeatable service; mind-blowing rates and we strive to close our loans within 3 weeks.
  • Community Choice Credit Union
  • 31155 Northwestern Hwy, Farmington, MI, 48334
  • As a full service credit union, Community Choice offers checking and savings accounts, loans, mortgages, investment services, and more. Community Choice Credit Union started in 1935 when a few neighbors from Redford Township put five dollars in a fund from which anyone could borrow in a time of need.
  • Mortgage Wholesale
  • 110 Civic Center Dr, Suite 204, Vista, CA, 92084
  • We are a direct to consumer wholesale mortgage broker. After obtaining a mortgage, it will be bundled together with hundreds of other mortgages and re-sold on the secondary market, usually within 90 days, so you’ll never really know where you’ll be making your actual payment. Knowing this, why not start your purchase or refinance
  • LofiDirect
  • 700 East Gate Drive, Suite 400, Mount Laurel, NJ, 08054
  • Lofi Direct, a d/b/a of American Neighborhood Mortgage Acceptance Company, LLC, is a nationwide mortgage loan provider dedicated to the principle of providing MORE products, services support and value to clients, partners and the community. Headquartered in Mount Laurel, N.J with branches throughout the United States