701 Credit Score Mortgage

Options for getting a mortgage loan with 701 Credit score

With your good 701 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 701 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.


701 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 680-719 701

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 66.73$ 66.81$ 67.45% 53.8%
Programs Hard Money Hard Money Hard Money Hard Money
Points 1.61 2.34 2.09 2.4
Rate 9.84% 10.73% 10.24% 11.93%
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 701 credit:

  • One World Bank
  • 2449 Walnut Hill Lane, Dallas, TX, 75229
  • Since the first day One World Bank opened its doors it began with one mission and that is to provide personal and customized financial services to our customers. We are committed to making your banking experience an enjoyable one. It is my sincere and personal commitment that you will enjoy banking with us and enjoy working with our staff.
  • Compass Lending Group
  • 6301 Beach Boulevard, Suite 350, Buena Park, CA, 90621
  • "Compass Lending Group founder of the Steve helped me through the entire process and never missed a beat. He was patient and thoroughly explained the process to me despite all of my questions. and also Compass, we emphasize that an informed client can make the best decisions. Our staff work on keeping up to date with every aspect of the industry.
  • Pulaski Savings Bank
  • 3156 South Morgan Street, Chicago, IL, 60608
  • Pulaski Savings Bank has been in business in Chicago’s Bridgeport community for over a century, we have maintained our customer base because of the way we do business. This business philosophy has paved the way for a bright and profitable future for Bridgeport and the surrounding communities.
  • BOK Financial Mortgage
  • 101 E 2ND St, Tulsa, OK, 74103
  • We’re a financial services partner for consumers, businesses and wealth clients alike. While our origins are humble, we’ve grown alongside our clients for more than a century. We have unwavering confidence in our ability to build strong relationships, provide diverse expertise and services, and invest in the communities we serve.
  • D A Griffin Financial, LLC
  • 880 Alexandria Pike, Suite 203, Fort Thomas, KY, 41075
  • D A Griffin Financial, LLC. We are a full service mortgage BROKER company based in Fort Thomas, Kentucky. As a small business we are on top of every transaction at all times. We can help you realize your dream of home ownership or save you money on a refinance. Our mission is to serve our customers with honesty, integrity and competence.
  • Evolution Mortgage Loans LLC
  • 6900 Tavistock Lakes Blvd, Suite 400, Orlando, FL, 32827
  • At EVOLUTION MORTGAGE LOANS LLC, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you
  • Bryte Home Loans
  • 5151 Borgen Blvd, Suite 101C, Gig Harbor, WA, 98332
  • We own homes, work, and raise our families in the same communities where you want to live. Our commitment to excellence extends to the relationships we maintain with local industry professionals, providing you a seamless home-lending experience.Bryte Home Loans is a mortgage company that serves Arizona, California, and Colorado.
  • Adler Private Lending
  • 11350 Random Hills Rd, Suite 720, Fairfax, VA, 22030
  • Adler Private Lending, we’re specialists in commercial lending and real estate investments. For more than a quarter of a century, we have been the capital resource of choice for Washington area real estate professionals and investors. Renowned for an entrepreneurial spirit combining unique creativity, flexibility, and the ability to perform
  • Peak Capital Funding - Hard Money Lending & Commercial Lending
  • 2405 Grandview Blvd, Kansas City, KS, 66102
  • Peak Capital Funding lend on value add multi-Family commercial real esate properties. we provide the highest leverge than any other location we are partnered with investors real estate moguls and best selling real esate authors, we are backed by investment funds with over $2 billion dollars in liquid assets.
  • The Mortgage Brewer
  • 100 W. Oak Street, Suite 202, Denton, TX, 76201
  • Travis Scott team is dedicated to helping families reach the dream of home ownership. Whether buying a new home, investment home, or ReFinancing, we can help. Travis work in the relationship business. Travis have worked with several clients that have needed credit assistance and been able to coach them to get into a position to buy.
  • Golden Coast Finance
  • 330 N Brand Blvd, Suite 701, Glendale, CA, 91203
  • At Golden Coast Finance, we focus on the needs of our clients so that the big decisions are easier. Our position is to help you understand every part of the complicated world of mortgages, while providing you with a positive experience. We employ responsible lending practices while remaining on the leading edge of the industry
  • Beach Municipal Federal Credit Union
  • 4164 Virginia Beach Boulevard, Virginia Beach, VA, 23452
  • Beach Municipal Federal Credit Union has been serving the financial needs of its members since 1970. In that time, we've become more than just another financial institution ~we've become your friend, your family and your partner in achieving your financial dreams. Our Mission is Dedicated to understanding and meeting members' needs & expectations.