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

Compare 10 Lenders In Minutes

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:

  • Blue Stone Capital Corporation
  • 151 North Tustin Avenue, Suite A-4, Tustin, CA, 92780
  • Blue Stone Capital Corporation is based in Tustin, California. The company has net-branches in 30 states in the U.S. Its mission is to help borrowers find the best mortgages to suit their individual needs. We do this by providing information about all aspects of the mortgage process, including interest rates, monthly payments and closing costs
  • Wexford Community Credit Union
  • 1021 North Mitchell Street, Cadillac, MI, 49601
  • Wexford Community Credit Union is a full-service, not-for-profit financial institution. We offer our members attractive rates and terms on all types of services. The employees of Wexford Community Credit Union pride themselves on the personal service they provide to you, our member.
  • Mill Street Financial Ltd
  • 63 Brookside Court, Boyertown, PA, 19512
  • At Mill Street Financial works hard every day to provide clients with the best possible borrowing experience. We work with multiple lenders to match you with the lender that is best suited for your unique situation. Whether you are buying your first home or ready to move onto the next one, we are here to help you.
  • North American Banking Company
  • 2230 Albert Street, Roseville, MN, 55113
  • We offer a better banking experience. We're not your average bank. We like problem solving. We like making things happen. And, we like having a little fun while we're at it. Founded on July 21, 1998, North American Banking Company has been committed to providing personal service to its community.
  • Referral Lending Inc
  • 22543 Ventura Boulevard, Suite 212, Woodland Hills, CA, 91364
  • Referral Lending can help you reach your financial goals. We offer a full range of low rate mortgage products for the conforming and non-conforming borrower. At Referral Lending, we are dedicated to customer service and satisfaction with a focus on your individual needs. One of our primary sources of business is from referrals, generated.
  • GreenBridge Loans
  • 221 River St, 9th Floor, Hoboken, NJ, 07030
  • GreenBridge Loans provides capital to business owners, startups, and real estate investors by using residential and commercial real estate as collateral. Unlike many business funders, GreenBridge provides a streamlined funding process with minimal requirements. We currently offer three types of Secured Business Loans geared to accommodate
  • Craftmaster Federal Credit Union
  • 562 Shiner Road, Towanda, PA, 18848
  • The mission of the Craftmaster Federal Credit Union is to provide a safe and sound financial institution for members to obtain competitive dividends and interest rates, while complying with all Federal, State and local laws. Through quality management, we will provide personalized services that meet or exceed membership expectations.
  • First Security Mortgage
  • 11839 Sorrento Valley Rd., Suite 903, San Diego, CA, 92121
  • "First Security Mortgage is a family owned and operated company that has been arranging private money loans for California residents since 1972 Founded in 1972 and located in San Diego Ca., First Security Mortgage Home Loans Inc is a broker and Servicing Company for Hard Money Loans. We originate Real Estate Loans in California only
  • Oxford Federal Credit Union
  • 225 River Road, Mexico, ME, 04257
  • Oxford Federal Credit Union is a not-for-profit financial institution that is owned and run by members like you. Our board of directors is democratically elected by our membership, and all members of Oxford FCU have one vote - regardless of the amount of money they have on deposit.