Loan with a 540 credit score in WA?

Hi Sara, yes that is possible. I have a couple ideas for you. Shoot me an email at jordan.swerland@apmortgage.com MLO1147780

Yes it is possible, but sometimes the score you have is different then when we pull a 3 bureau mortgage rating credit report. It might go up or down... That along with the entire credit picture is important. I hope this helps..dont have everyone pull your credit nor put your social security number on line. Take care, Kyle..bayview home loans Tacoma WA

Regardless of what others are saying here, Your chances are VERY SLIM.. understand that the lower the credit score, the more strict the guidelines are and few that apply actually get approved... you're far better off contacting a credit specialist and working on improving your credit scores.. The first question is "Why?"... why is your score so low? Foreclosure? BK? Short sale? unpaid student loans? tax liens? Judgement? you could have a 750 credit score and yet with one of these credit deficiencies, you still might be denied.. Also, for Condo's, it has to be on FHA's approved condo list to be considered for financing.. if not, then it's not going to work.. There are "Hard Money" lenders and "Portfolio" lenders out there, but your going to need more than 20% down if you go that route... typically, they want to see 40% or more for condo's.. and expect to pay higher rates and fees than any conforming loan.. This is why I say get your credit fixed up first.. 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