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can I qualify for a mortgage with a 681 credit score?

by emeryjonah987 from Algonquin, Illinois. Feb 3rd 2014 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

Maybe.. but without knowing all the details of your particular scenario, it's hard for anyone here to say for sure.. In general, lenders will look at all 3 major credit report's and use the Mid score of all borrowers.. Also, it's the mid score when you apply with your lender, not the credit score you got on your own.. and for most lenders, if your over 640, you would have many options available to you.. but understand that credit score is just one of about a hundred different things that lenders look at to determine one's eligibility, so again.. details, details, details.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 3rd 2014
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Scott Weinstein (Mymortgageguyscott)
#86 ranked lender in Illinois - 37 contributions

Hi there,The short answer to your question is "absolutely"! There are other factors of course which need to be considered, but a 681 would qualify you for either an FHA or conventional loan, depending on those other factors. I am a local lender here in the Chicago area and would love to discuss your situation with you. Feel free to look me up and/or contact me at your convenience.Scottwww.mymortgageguyscott.com

Feb 3rd 2014
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Rod Atkins (Rod_Atkins)
#95 ranked lender in Illinois - 5 contributions

Yes you can. Feel free to reach out to me further information.

Feb 3rd 2014
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John Schweer (johnschweer)
#11 ranked lender in Missouri - 163 contributions

The score would qualify one of a handful of requirements.... it will still depend on what all is showing on your report like any derogatory credit lines, and of course job, income and all relevant factors will still need to be met... if you'd like to discuss things further or have questions feel free to reach out, i have been helping people with FHA, VA, and Conventional mortgages since 1998

Feb 3rd 2014
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,244 contributions

Your score affords you access to any government loan program or conventional program for the most part. The question do you qualify is based on several factors of which credit score is only one, debt to income ratio, loan to value, purchase or refinance and assets are all major factors in whether you will qualify. Call and speak to a local loan originator to go over your complete loan scenario to find out what the Best Mortgage Option for you is!

Feb 3rd 2014
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Prince Williams (Williams)
#97 ranked lender in Illinois - 8 contributions

Yes,I help borrowers obtain innovative mortgage solutions that maximize real and perceived financial benefits from the considerable investment they make in their primary home and investment properties. I maximize benefits for my clients by providing competitively priced mortgages and a timely, hassle-free customer experience through every contact. 847-252-7900 ext.5516 Prince Williams

Feb 3rd 2014
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Patty Harrison (PattyHarrison)
#92 ranked lender in Illinois - 64 contributions

Most likely with that score you will qualify as long as your income and everything is in line. If you would like to contact me I would be happy to get you prequalified. We work with lenders that will go as low as a 580 score on FHA loans. I look forward to hearing from you! Patty HarrisonSmart Mortgage www.smartmortgeinc.com

Feb 3rd 2014
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Barclay Butler (Barclay)
#83 ranked lender in Illinois - 74 contributions

You should be able to call or email me I am in East Dundee IL. Barclay Butler. 224-420-9990. or bbutler@barclaybutlerfinancial.com

Feb 3rd 2014
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

That is a big maybe. It will depend on how the rest of your credit looks, job history, down payment, debt to income ratio and possibly assets. I suggest contacting a local loan officer, complete a loan application with them and go over your options together. Best wishes, Sean

Feb 4th 2014
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