Will lenders take below 600 credit scores with high income

Yes, there are lenders who will go down to 580. Your best bet is to contact some local reputable lenders including local banks. Ask about their portfolio products. Good Luck.

Hi Yulu, I can even go down to 560 if you put 10% down. (As mentioned below, 580 if you are not putting that much down) The other question is the reason for your lower score. Depending on the specifics of your credit history, you may or may not qualify for these programs. I can generally get a good idea after pulling your credit and having a 15 minute phone conversation whether you likely will or not. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Possibly, although the majority of lenders want a 640 or above, there are some that go down below 600, some as low as 500, but understand the lower the score the more strict the guidelines, and few that apply actually get approved.. The real question is 'WHY?".. Why is your score so low?? Foreclosure, Short sale, BK, unpaid tax liens or unpaid student loans, etc.. You could have a 750 score and have one of these deficiencies and still not get approved.. Lenders will also question why someone with high income would struggle with maintaining good credit, since the number one reason someone has bad credit is because they don't have enough income... but all this being said, if you want to know for sure, you should contact a LOCAL mortgage broker and apply with them. Once they look at your complete loan scenario, including income, credit profile and assets, they would be able to say for sure if you can get approved. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com