850 Credit Score Mortgage

Options for getting a mortgage loan with 850 Credit score

With an excellent 850 credit score, you could expect the highest quality mortgage programs and the best rate &terms. Conventional mortgages, Jumbo, Super Jumbo, FHA, Va, USDA, and Non-QM loans are at your fingertips, and lenders will swoon over your loan request to compete for your business. Your top-rated credit score can compensate for a high debt-to-income ratio ( DTI), low reserves, or high LTV.

Best rate & terms for your 850 credit score

A high score credit 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.


Note: Lendersa loan requests contain all the data points mortgage brokers need to get you loan proposals.
850 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 780-850 850

Despite having a low credit score, Private investors will refinance your mortgage as long as you have enough equity in the property or you put in a large down payment.

Owner-Occupied Residential Non-Owner-Occupied Residential Commercial Hard Money Vacant Land
Max Loan to Value 75.95$ 76.05$ 74.75% 55.24%
Programs Hard Money Hard Money Hard Money Hard Money
Points 0.89 1.62 1.37 1.68
Rate 9.12% 10.01% 9.52% 11.21%
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 35%

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 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 850 credit:

  • Bank 34
  • 500 E 10th St, Suite 100, Alamogordo, NM, 88310
  • Bank 34 is a community bank founded in 1934 with locations in New Mexico and Arizona. We offer the same quality products, services and technology as the big guys, but a more personalized & friendly banking experience for true relationship banking. Bank 34 was quite literally founded on a dream. It was originally organized
  • Equity123 Lending
  • 22512 Aliso Park Drive, Lake Forest, CA, 92630
  • Equity123 Lending uses a combination of technology and personalized service to make the experience of getting a loan simple and hassle free. We find the right loan product that will fit your personal and financial goals. Our mission is to serve our customers with honesty, integrity and competence.
  • The Westside Mortgage Group
  • 569 University Avenue, Los Gatos, CA, 95032
  • Westside Mortgage is a boutique mortgage brokerage located in Los Gatos, California. The company was founded by Eric Cutting in 1994, and has originated and closed over 1.5 Billion in mortgage loans. The business relies solely on referrals from prior clients, and specializes in Purchase, Refinance, Equity and Private Lending.
  • Comfy Loans LLC
  • 200 W Higgins Rd, Schaumburg, IL, 60195
  • Comfy Loans LLC is is privately owned and licensed as a residential mortgage broker in 2 states - Florida & Illinois. Unlike banks and giant online lenders, Comfy Loans LLC specialize exclusively in home loans. We can find the best loan for your situation. And because we have access to wholesale rates, we’ll pass those savings along to you.
  • The Family Mortgage Team
  • 1640 Powers Ferry Rd, Building 3, Suite 100, Marietta, GA, 30067
  • The Family Mortgage Team at LeaderOne Financial is a team of professionals dedicated to ensuring that your loan is not just a transaction.... It is a lifetime relationship developed around three distinct concepts: 1) investigating your hopes and dreams and insuring that we use the mortgage to maximize
  • 1st Florida Mortgage
  • 2203 N. Lois Ave, Suite 1200, Tampa, FL, 33607
  • 1ST FLORIDA MORTGAGE company as As a local Florida mortgage company, we have the flexibility to underwrite using common sense underwriting giving us the flexibility and efficiency unavailable to traditional mortgage brokers or local banks. Unlike many “online mortgage companies” who focus is primarily on rate and high pressure sales.
  • Bank of Hays
  • 1000 W 27th St, Hays, KS, 67601
  • Bank of Hays offers HELOC's with competitive rates and terms. A HELOC loan can be used for many different purposes: a vacation, your child's education, home improvement, or unforeseen emergencies. A HELOC from Bank of Hays allows you to "make your own loan" as the need arises. Borrow as little as $5, 000.
  • Above All Lending
  • 27936 Lost Canyon Rd Suite 201, Santa Clarita, CA, 91387
  • 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.
  • Citizens National Bank.
  • 102 S. Main Street, Bluffton, OH, 45817
  • Citizens National Bank (CNB) is a commercial bank with physical locations in Bluffton, Celina, Defiance, Elida, Findlay, Lima, Springfield, Toledo and Van Wert, Ohio. Focused on small business, we work closely with our customers to develop individualized financing plans and a variety of treasury management services.