694 Credit Score Mortgage

Options for getting a mortgage loan with 694 Credit score

With your good 694 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 694 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.


694 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 680-719 694

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 66.39$ 66.49$ 67.19% 53.68%
Programs Hard Money Hard Money Hard Money Hard Money
Points 1.67 2.4 2.15 2.46
Rate 9.9% 10.79% 10.3% 11.99%
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 694 credit:

  • KC Fairfax Federal Credit Union
  • 104 Sunshine Road, Kansas City, KS, 66115
  • KC Fairfax FCU is owned and democratically controlled by our members. KC Fairfax FCU is safe. Deposits are insured up to $250,000 and strives to improve the economic well-being of our members. For over 66 years, KC Fairfax FCU has been committed to providing lost-cost loans and fair return on savings to our members.
  • Western Ohio Mortgage Corporation
  • 733 Fair Rd., Sidney, OH, 45365
  • Western Ohio Mortgage Corp. is a community lender that has been serving customers since 1999. Western Ohio Mortgage has offices located in Sidney, Lima, Mason, and Lebanon Ohio. We also serve Kentucky from offices in Florence and Lexington Kentucky.At Western Ohio Mortgage, our mission is to set a high standard in the mortgage industry.
  • NobleBank & Trust
  • 1509 Quintard Ave, Anniston, AL, 36201
  • At NobleBank, we are committed to providing the highest quality banking services with a friendly, family-oriented approach that helps both families and businesses in Central Alabama. It’s simple to open or switch your accounts to NobleBank, and our local bankers simplify the process by helping every step of the way.
  • Madison Fire Department Credit Union
  • 1437 Monroe Street, Madison, WI, 53711
  • The MADISON FIRE DEPARTMENT CREDIT UNION is committed to providing its members sound and dependable financial service, an environment where members can interact with mutual trust, respect and dignity by creating a sense of pride and ownership. The credit union will provide loans in a prudent, sound and discreet manner in accordance.
  • Pennsylvania-American Water Federal Credit Union
  • 6050 Library Road, Bethel Park, PA, 15102
  • At Pennsylvania-American Water Federal Credit Union. We offer numerous services for all your financial needs. A warm welcome is extended to all our prospective new members. Hopefully we can provide a pleasant & profitable place for you & your family to save & borrow money. We are a Federally insured credit union originally chartered in 1974.
  • PRIME RESOURCE CAPITAL
  • 90 Main St, Suite 309, Hackensack, NJ, 07601
  • Prime Resource Capital, we take a “can do” attitude. We help find solutions. Our clients rely on our expertise to match our products to the specific need of the client. Our advisors are experienced professionals who understand that capital is a key ingredient to growth in any industry.
  • Zeitro LLC
  • 385 Moffet Park, Suite 105, Sunnyvale, CA, 94089
  • "Zeitro is digitizing the mortgage industry with AI technology, connecting borrowers, lenders and other stakeholders within a virtual ecosystem. Our data driven process searches through all available options to find the most competitive rates. Now everyone is just a few clicks away from their perfect match."
  • JM Associates Federal Credit Union
  • 9987 Pritchard Road, Jacksonville, FL, 32219
  • JM Associates Federal Credit Union officially opened its doors on October 21, 1980, at the SET Port Facility. A full-service, federally chartered credit union, JMAFCU serves associates and family members in all 50 states and abroad. JMAFCU currently has 5 offices. Two in Jacksonville, FL, Deerfield Beach, FL, Mobile, AL, St. Louis, MO.
  • Esquire Bank, National Association
  • 100 Jericho Quadrangle, Suite 100, Jericho, NY, 11753
  • At Esquire Bank, we redefine relationship banking with a high-tech, high-touch approach to every client. Whether it’s how we meet the unique banking needs of law firms, customize reliable payment solutions for merchants, finance your commercial real estate success, or bank your business or you personally, we have the expertise and drive to deliver.
  • VP Capital Lending
  • 1413 Calhoun St, Columbia, SC, 29201
  • VP Capital Lending, through its simplified real estate investment loan process, strives to provide our clients with both simple and fast financing. We have built a reputation for building and maintaining long-term relationships with our clients. Whether you are looking to Fix & Flip a property, purchase a property for rental income, or invest.
  • RiteFit LLC
  • 400 N. Tustin Ave, Santa Ana, CA, 92705
  • Our 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.