673 Credit Score Mortgage

Options for getting a mortgage loan with 673 Credit score

With a credit score of 673, 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 673 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.


673 credit score mortgage

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Private money lenders for credit score 620-679 673

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 65.97$ 66.07$ 66.77% 53.26%
Programs Hard Money Hard Money Hard Money Hard Money
Points 1.88 2.61 2.36 2.67
Rate 10.11% 11% 10.51% 12.2%
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 673 credit:

  • East Bay Lender
  • 2300 First Street, Suite 216, Livermore, CA, 94550
  • Antonio Cordero is your East Bay Lender! As a licensed Loan Originator who is familiar with a variety of loan types and specialized programs, Antonio is ready, willing and able to help you find the mortgage product that is right for you. East Bay Lender is my brand as a mortgage lender here in the East Bay Area and beyond.
  • Total Community Credit Union
  • 25155 Goddard, Taylor, MI, 48180
  • Total Community Credit Union is a full service financial institution specializing in a wide variety of loans. We offer loans for mortgages, home improvements, vehicle and much more. Competitive rates, low payments and flexible terms make it easy for almost anyone to realize their goals.
  • Raytown Lee's Summit Community Credit Union
  • 10021 E 66th Terrace, Kansas City, MO, 64133
  • Raytown-Lee's Summit Community Credit Union Motto We are here to provide our members with the excellent, efficient and friendly service they deserve. Raytown-Lee’s Summit Community Credit Union continues to grow, and growth offers better loan rates and higher dividends for our members. We want to serve as your family’s primary financial institute.
  • Allegiant Mortgage LLC
  • 971 Benders Ferry Rd., Mount Juliet, TN, 37122
  • When it's time to get a mortgage loan, you should know the difference between a loan officer and a mortgage broker. A mortgage broker is an independent agent who secures financing through outside lenders. This means more options than the standard bank loan officer can offer. We find the lender who has the right program to fit your needs.
  • McGrover Funding Corporation
  • 3812 Ponce De Leon Blvd, Miami, FL, 33134
  • Welcome to McGrover Funding Corporation. We are a commercial real estate mortgage banking firm providing commercial real estate lending and hard money lending nationwide. If you are in need of a commercial loan and are having issues with your banker or lender, then we may be the company you need.
  • Raymond James Bank
  • 710 Carillon Parkway, Saint Petersburg, FL, 33716
  • Raymond James Bank is about more than just Banking. Through our holistic approach to finance, we offer innovative and diversified products and services to the public and to clients of Raymond James Financial. Additionally, as an affiliate of Raymond James, our Bank is founded on the same core values of integrity, independence.
  • New Castle Bellco Federal Credit Union
  • 1011 Wilmington Avenue, New Castle, PA, 16101
  • New Castle Bellco Federal Credit Union is a federally charted, not-for-profit, full service financial institution that is member owned and controlled through a board of directors. The voluntary board is elected by the membership to establish credit union policies and is responsible for the safe and sound operation of the credit union.
  • Pacific City Financial
  • 9042 Garfield Avenue, Suite 307, Huntington Beach, CA, 92646
  • We know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, and mortgages. Michael Robbins, our founder, has 29 years experience in the financial and mortgage lending industry. As a licensed broker and mortgage lending professional
  • New Beginnings Mortgage
  • 9045 Haven Ave. Ste 106, Rancho Cucamonga, CA, 91730
  • New Beginnings Mortgage 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
  • FCI Federal Credit
  • 2500 Leopard Drive, Texarkana, TX, 75501
  • FCI Federal Credit Union were granted a charter with the National Credit Union Administration. Our membership field included the employees and their immediate families of the Texarkana Federal Correctional Institution. This Credit Union is a not for profit financial cooperative that is owned by the people who use it and is governed.