Lender that will underwrite a loan w/credit score of 626?

Yes, of course. This should not be a problem. I am an Illinois licensed lender located in Schaumburg. 1st Advantage Mortgage. You can go with an FHA or Conventional, depending on the amount of your down payment. Please contact me so we can talk about this purchase. Contact me here: barb.lanis@1amllc.com -or- 630-660-8868

There are lenders out there that will lend down to 626.. But you probably need to use FHA... unless your purchasing as an investor.. Then 20%-25% down, and your score is too low.. try reaching out to a local mortgage broker, and apply with them... unless someone looks at your complete scenario, it's hard to tell if you can get that home or not... 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

There are some wholesale lenders that will go as low as 620; however, there are some additional credit hurdles that you will be required to meet. Be free to call my team and ask for Glenna Thompson. She can be reached at 219-662-9166 x22.

I can do it with an FHA loan if your loan file meets our underwriting overlays. Give me a call to discuss in detail.

A lot of lenders require at 640 middle score but there are lenders that go as low as 620 and some can use even lower score than that.Just contact your local lenders and ask them what is their credit score requirements.

I think contacting a small local bank may be your best bet. As you mentioned fannie Mae does allow for 620 credit scores and some lenders do still follow Fannie guidelines as we do here at Beneficial Bank. Many lenders do put there own restrictions on top of Faniie's guidelines which is why they require higher scores. However, mortgage insurance would be out of the questions as mortgage ins. companies require much higher scores. If you can put down 20% or greater some banks would accept that score.

We do Credit scores down to 580. Call me to see if you quailify. Subject to a full FREE credit check and review of credit, income and assets required at closing. ****Jacob Haddan at 720.210.7898**************Thank You!Jacob Cole Haddan - Mortgage Broker/Banker MAC5 Mortgage Inc. |www.mac5mortgage.com | 225 Union Blvd. Ste. 350 | Lakewood Co. 80228 | Direct/Cell: 720.210.7898|Home/Magic Jack 305-848-8255 | Fax: 720.407.6343 |Toll Free: 866.606.MAC5| Fax 866.426.2203 Regulated by the Division of Real Estate NMLS#232061 Colorado LMB# 100007576

Generally speaking, the VAST MAJORITY of lenders will require a 640 or higher score. There are numerous lenders who will take the risk and offer a loan to lower score customers.