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:

  • Real Estate Funding Solutions
  • 211 E 43RD ST, NEW YORK, NY, 10017
  • REAL ESTATE FUNDING SOLUTIONS’ POLICY IS INCREDIBLY UNIQUE, AS WE REFUSE TO RUN CLIENT'S CREDIT UNTIL THEIR DEALS ARE FULLY APPROVED. OUR APPROVAL PROCESS ALLOWS CLIENTS TO USE THEIR OWN CREDIT REPORTS, WHICH THEY COULD OBTAIN THEMSELVES WITHOUT LEAVING ANY NEGATIVE IMPACT ON THEIR CREDIT REPORTS.
  • GECU
  • 1225 Airway Blvd, El Paso, TX, 79925
  • In 1932, 11 El Paso civil servants pooled $5 each to form a credit union. Today, GECU is the largest and one of the strongest locally owned financial institutions in the city we call home with more than 400, 000 members, 30 branches. For over 85 years the people of our communities have been helping each other make dreams come true.
  • NET Credit Union
  • 119 Mulberry Street, Scranton, PA, 18503
  • NET Credit Union We can service all of your personal finance needs - from everyday checking (with no fees) to saving for long-term. Check out our low-interest rates on all types of loans.and also NET Credit Union is non-profit bank located in Northeastern, Pennsylvania. All employees are trained credit score specialist.
  • MortgageOne, Inc.
  • 5860 Owens Ave, Suite 130, Carlsbad, CA, 92008
  • MortgageOne, Inc was founded by Bryce Schetselaar in March 2012 upon the principles of integrity and providing the right loan for every borrower’s situation. During college, Bryce began his career in the mortgage industry with Bank of America as a loan originator. It became obvious to Bryce that there was a better way
  • Bandera Bank Bandera
  • 207 Main St., Bandera, TX, 78003
  • Bandera Bank has engaged technology experts to ensure that it has state of the art technology to protect your information and transactions, keeping them private and secure as you us the institution's Internet banking system. Through the institution's Internet banking system, you may conduct banking transactions
  • Fort Community Credit Union
  • 800 Madison Av, Fort Atkinson, WI, 53538
  • FCCU, and welcome to the cooperative side of the financial world! FCCU has been growing roots in Southeast Wisconsin since 1940 when employees of Moe Light, in Fort Atkinson, pooled their paychecks together to begin the credit union. Since then, the credit union has expanded by building branches in Jefferson, Watertown, and Whitewater.
  • Figure
  • 15720 Brixham Hill Ave, Suite 300, Charlotte, NC, 28277
  • Figure is transforming the trillion-dollar financial services industry using blockchain technology. In three short years, Figure has unveiled a series of fintech firsts using the Provenance Blockchain for loan origination, equity management, private fund services, Banking, and payments sectors
  • Bridge Lending Group
  • 2900 Westchester Avenue, Purchase, NY, 10577
  • Bridge Lending Group is a Private Real Estate Lender with offices at 2900 Westchester Avenue, Suite 405, Purchase New York 10577. We specialize in Refinance, New Construction, Rehab and Fix&Flip mortgages. We originate mortgage loans from $100K – $1MM+ against 1-4 family, non-owner occupied properties, at a loan-to-value ratio not exceeding 50
  • Latin Financial Group
  • 170 West Mission Avenue, Suite 2, Escondido, CA, 92025
  • Mario Cisneros, a personal finance expert with Latin Financial Group. Our sole purpose of educating homeowners on how to better create wealth through mortgage planning. Mortgage planning is the process of utilizing and leveraging borrowers’ home mortgages to help them better and more quickly achieve their short- and long-term financial goals.