692 Credit Score Mortgage

Options for getting a mortgage loan with 692 Credit score

With your good 692 credit score, you could expect quality mortgage programs and competitive rates & terms. Conventional mortgages, Jumbo, Super Jumbo, FHA, Va, USDA, and Non-QM loans are at your fingertips, and every lender in the country will try to compete for your business.

Best rate & terms for your 692 credit score

Your credit score does not guarantee you will get your loan approved. LTV, Income stability, cash reserves, location, Debt to Income ratio, Co-borrowers, property type, property conditions, and ten other factors 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.


692 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 680-719 692

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 66.35$ 66.45$ 67.15% 53.64%
Programs Hard Money Hard Money Hard Money Hard Money
Points 1.69 2.42 2.17 2.48
Rate 9.92% 10.81% 10.32% 12.01%
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 800 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 692 credit:

  • Best Rate Mortgage LLC
  • 28 Broadway Street, Westford, MA, 01886
  • Best Rate Mortgage MA was started in 2011 in Charlestown MA and now serves the entire Commonwealth with below market rates and personalized customer service. With loan officers located across the state and equipped with state of the art technology, the mortgage process is easily tailored to those who demand either in-person.
  • AAC Credit Union
  • 177 Wilson Avenue NW, Grand Rapids, MI, 49534
  • AAC Credit Union was built in the furniture industry; a heritage of which we are most proud. Over the years we have grown to include other industries and West Michigan at large. We owe much of our success to loyal members and the hardworking passion passed down from our founders.
  • The Home Trust & Savings Bank
  • 628 Main Street, Osage, IA, 50461
  • Home Trust & Savings Bank has been in the same family for over one hundred years. It started on November 6, 1899, when the bank received its charter and opened for business in the east room of the Cleveland Building, just west of the Merchants Hotel in Osage, Iowa. The bank occupied this location until 1937
  • First State Bank of Newcastle
  • 24 N. Sumner, Newcastle, WY, 82701
  • First State Bank of Newcastle was founded during the depression in 1924, a time when most banks were being forced to close their doors. Faith in the integrity of the men who started the bank was responsible for the bank’s growth only a few months after the collapse of several Weston County banking institutions.
  • Coastal Community Federal Credit Union
  • 2302 Church Street, Galveston, TX, 77550
  • Coastal Community Federal Credit Union began in 1957 when employees of the Galveston Fire Department decided to form Galveston Firemen’s Federal Credit Union. In 1973, the name was changed to City of Galveston Federal Credit Union to allow all city employees of Galveston to join. Then in 1991
  • Island Home Loans
  • 688 Kinoole Street, Suite 209, Hilo, HI, 96720
  • Local, family-owned mortgage broker company located in Hilo, Hawaii with over 75 years of combined experience. Open since 2003, Island Home Loans has been chosen as 'Best of East Hawaii'​ Mortgage Company six years and running! Come and see us or give us a call to see what we can do to assist you or your family to purchase or refinance a home.
  • PRMG Mortgage
  • 1265 Corona Pointe Court, Suite 301, Corona, CA, 92879
  • 16 year of mortgage experience. I'll return your call, respond to your emails, answer my phone and answer all your questions. If I don't have the answer right away, I'll find it and get back to you quickly. Call me to discuss any residential mortgage needs you may have for FHA, VA, USDA or Conventional loans for single or multi-unit properties.
  • Sunrise Family Credit Union
  • 404 S Euclid Avenue, Bay City, MI, 48706
  • Sunrise Family Credit Union has grown over the years but our commitment to you has stayed the same. Our goal is to assist all our members to overcome obstacles and realize their financial Dreams.Sunrise Family Credit Union is a not-for-profit financial cooperative, offering the same services as other financial institutions.
  • Energy Plus Credit Union
  • 1230 West Morris Street, Indianapolis, IN, 46221
  • Energy Plus Credit Union was formed through the merger of IPALCO and Citizens Gas Coke & Utility Credit Unions. Our purpose was to serve the employees of Indianapolis Power & Light, Citizens Energy Group & its subsidiaries and their family members. We have since expanded our membership to include the wonderful communities