708 Credit Score Mortgage

Options for getting a mortgage loan with 708 Credit score

With your good 708 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 708 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.


708 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 680-719 708

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 67.63$ 67.66$ 67.9% 53.9%
Programs Hard Money Hard Money Hard Money Hard Money
Points 1.56 2.29 2.04 2.35
Rate 9.79% 10.68% 10.19% 11.88%
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 708 credit:

  • Heritage Federal Credit Union
  • 8266 Bell Oaks Dr, Newburgh, IN, 47630
  • Heritage Federal Credit Union began in 1965 as Warrick Employees Federal Credit Union for the employees at ALCOA Warrick Operations in Newburgh, Indiana. We had an interesting start to the credit union - United Steel Workers Local 104 union members started conducting financial transactions out of the trunk of a car.
  • Command Financial Group
  • 2150 S Canalport Ave, Suite 4B6, Chicago, IL, 60608
  • Command Financial Group is a licensed mortgage broker in the state of IL and CO. We are a veteran owned and operated company that specializes in helping veterans with their loan needs. We also do loans for conventional and FHA borrowers as well. We want to help you make the most informed decision when navigating the various loan options available.
  • Fieldpoint Private Bank & Trust
  • 100 Field Point, Greenwich, CT, 06830
  • Fieldpoint Private puts clients first, always. With customized options, our team will help you strengthen and sustain your assets in a way that helps you reach your goals, grow your wealth and simplify your life so you can get back to doing what you love most.Our advisors and bankers work across the United States, and are committed to being accessi
  • Iconic Mortgage Corp
  • 1444 Biscayne Blvd, Miami, FL, 33132
  • Iconic Mortgage Corp is an industry leader known for matching borrowers with the credit they require for fueling their lives through high-touch customer care and technology. We are one of the fastest-growing consumer lenders today, and one of the select few that have survived the wholesale changes in the industry after the 2007 Mortgage Crisis.
  • loudoun credit union
  • 801 Sycolin Road SE, Suite 101, Leesburg, VA, 20175
  • Loudoun Credit Union was chartered in September 1977 (Charter #66954) pursuant to the provisions of the Virginia Credit Union Act. The credit union is a corporation chartered under the laws of the state of Virginia and regulated by the State Corporation Commission and the National Credit Union Administration.
  • Nebraska Rural Community Fcu
  • 127 Center Avenue, Morrill, NE, 69358
  • The Nebraska Rural Community Federal Credit Union was established in 2003 to provide exceptional community development, financial and financial education services delivered by knowledgeable people with integrity, enthusiasm, and respect. Our services include: share accounts, share certificates, financial counseling, personal loans, etc
  • Texell Credit Union
  • PO Box 983, Temple, TX, 76503
  • Texell Credit Union is a not-for-profit financial cooperative founded in 1948. With over 130+ employees, Texell serves over 40, 500 members through digital service platforms and nine Central Texas branches. Texell offers a wide range of financial services to its members, and performs competitor research weekly to ensure it
  • Citi Wide Funding
  • 11846 Sixth Street, Rancho Cucamonga, CA, 91730
  • 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.
  • Farmers Savings Bank & Trust
  • 611 Second Street, Traer, IA, 50675
  • Farmers Savings Bank & Trust , we are only as strong as our communities. Part of Farmers Savings Bank & Trust ’s role as a community bank is help worthwhile community organizations improve our communities. Through hosting, sponsoring and supporting community events, Farmers Savings Bank & Trust strives to create towns that can thrive now and into t
  • Volunteer Home Mortgage Inc.
  • 1033 W Broadway Ave, Maryville, TN, 37801
  • Volunteer Home Mortgage Inc. is a dream come true for me. We are one of the hand full of mortgage broker companies that is here to give our customers a variety of mortgage options and choices. We are a locally owned and operated mortgage company. Why call a BIG name bank or lender
  • Community First Bank of Indiana
  • 201 West Sycamore Street, Kokomo, IN, 46901
  • Providing exceptional financial products and outstanding customer service is our commitment! As a locally owned & operated bank, at Community First Bank of Indiana we view our client as much more than an account, it’s a know-you-by-name relationship.Our team of expert bankers in central Indiana are here to help with all of your checking and saving.
  • Metro Fund, Inc.
  • 12002 SW 128th CT., Suite 206, Miami, FL, 33186
  • Metro Fund, Inc. is an experienced group of mortgage professionals in order to bring a wide array of mortgage products available to the public that aren’t found at your local bank. While most banks are hand picking their top tier customers,Metro Fund, Inc. has a long list of lenders with programs available to those that have dents in their credit.