Is a 629 credit score high enough for usda 102% financing??

620 is acceptable for USDA, but understand that USDA does not lend money.. they only insure loans against default.. the lenders, or those with the $$$ will oftentimes have their own set of rules above what USDA requires.. it's these overlays that might not allow your score.. Also understand that the credit score is just one of over a hundred different things that the lender looks at when determining one's eligibility.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Only then will you know for sure.. By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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. 480-287-5714 WilliamAcres.com

I offer USDA loans down to a 580 credit score. As long you and the property meet all the criteria, you should be OK with a 629 score. I offer this loan nationwide. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Score is acceptable for USDA - but the credit score is only one ingredient - would really need to see the full picture before saying with certainty you can get approved. Local Atlanta lender happy to help in anyway in can. Briggs Cline. 678-578-0600. www.buckheadhomeloans.com