my credit is 437 can i get a good morgage rate

You most likely won't qualify with that credit score. You will most likely need at least a 560 middle score to think about a mortgage. My advice would be to speak to al ocal mortgage pro and have them go over your credit with you. They may be able to assist you in how to fix your credit. You may need professional credit repair, if so most mortgage pros work with someone that can help you

Ideally your score should be over 720 to get the best rates, some lenders can help with scores in the mid 500's but lower than that you would not be considered a good credit risk. I have suggestions that may help you get started in my Blog on this site: "First Steps". Good luck!

Thanks for the correction! Many people ask this question and there is no way to easily answer - there are a lot more questions and info needed to quote a rate: purchase or refinance, amount of downpayment/equity (Loan-to-value), type of mortgage, type of property (condo?), term of the loan (30 years?), fixed rate or ARM, use of the property- primary residence/vacation/rental, how much you want to pay in lender and other fees, when you are closing (30 days?), etc. Usually your best option is to have answers to these questions handy and then check with 2-3 reputable lenders to find out their rate and fees (on the same day since rates can change from day to day, and sometimes several times the same day). You may think you know what will be best for you but an experienced mortgage lender may be able to show you a better option based on your situation and qualifications. (Former Hoosier myself...) pdumouchel@primelending.com or 843-619-6025 or http://pdumouchel.primelending.com

Thanks for the clarification. 637 is within lending limits for programs with many lenders. As far as the best person or lender to contact, the only advice anyone can offer is to call a few places and find someone who is offering you decent loan terms and who you feel comfortable with. The mortgage process is much more than just rates (though you certainly don't want to go with someone offering the highest). Make sure you work with someone who can actually provide the quote they are offering and close your loan on time.

A 437 is a no way no how score. Glad to see you corrected it to 637. You can get an FHA loan with that score... But you would be well advised to try to improve it a little more to put yourself in the best light. Your score is still below average.

your other email said 637, if your score is 637 you will get a good rate but it will not be as low as someone with a credit score that is in the 700's. Greg

If your credit score is 637, you will likely be able to obtain a home loan. However, many other factors will be taken into consideration in addition to your credit score.

At 637, you will likely pay a premium in rate on an FHA Mortgage. At 640, it would likely go away. The best thing to do would be to talk to a LOCAL Loan Officer. You may have an opportunity to raise your score quite easily. Good Luck!!

At 637 you can still get great rates for FHA and VA, but you will have some big hits to the rate on Conventional loans. However, a lot of other factors make up rate besides the credit score. I would contact a trusted local lender who will need to ask you some questions in order to give you an accurate quote. If you need some good referrals check out the top right corner of this page under the Community tab and click Find a Lender. Best wishes, Sean