I have a 565 FICO 8 score with 35% down payment. Can I get financed??

The short answer is yes, via FHA only unless you go with a non-traditional loan product.The question regarding FHA will be what is bringing your scores down, such as collections, judgements, etc...there are guidelines to meet regarding those items. So there is more than just the Fico score guideline. If you would like to discuss in more detail feel free to contact me at 562.254.5616.

We provide mortgage loans to individuals with such at a credit score and at least 20% down...and no mortgage insurance required. You will benefit in rate/pricing forputting as much as 35% down. It is far better than typical private or hard money lending. I would happy to pre-qualify you and provide a detailed estimate. I have done mortgage loans for borrowers in Diamond Bar.

There are several option available for you. IF you but more than 20% for your down payment you can also go for conventional loan with NO mortgage insurance premium. We are a HUD endorsed FHA direct lender and can help you. you can call us for further detail and info 714 639 6694. There is NO obligation on your end to call us and find out about all your purchasing options.Shab Kavandi

It's possible, but much more info needed. with a 565 credit score, you must have some pretty serious derogatory credit.. So we would need to analyze our complete loan profile in order to advise you. the short answer is YES.. there are lending options out there with low scores like yours, but in order to determine eligibility, we would need to look at complete loan profile. not just one credit score. Foreclosure? BK? Judgement? Unpaid taxes? Unpaid student loans? You could have a 750 credit score and yet with one of these credit deficiencies, you still might be denied. Also, certain derogatory events require mandatory waiting periods.. so it's impossible to know if you can or cannot be approved, so If you would like, I would be happy to look at your loan and let you know what is possible. If you don't qualify now, I can at least show you what steps are necessary in order to obtain financing in the very near future. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Of course in response to your question I assumed you did not want a loan with forever monthly mortgage payments and a loan add on fee of 1.75% of the loan amount (FHA)? Thus, I mentioned the alternative loan that is a far better rate and cost than for private or hard money loans. However, there are a few lenders that will do FHA loans for a 565 FICO score though it can be pretty difficult to qualify for.Most lenders will want to see no late payments in the past 12 months. Other "strengths" like a larger down payment definitely make a difference though. You should compare rate/payment cost between the two possible loans for you both immediately and in recouping costs in the future.