Would I be able to get a mortgage no PMI with 20% down but 687 credit?

hi there: did you pull all 3 scores and 687 is the middle score? we can just justify the 2 accounts with a letter of explanation and get the u/writer's opinion etc. We can submit your loan to Fannie or Freddie u/writing engine and get feedback immediately if you are interested. I know FHA should be ok to try but PMI is only avoidable for 22% down and require a 15 yr mortgage but can confirm again...Lending Nationwide (NMLS 754875)..Mike 703 505 5300...also be glad to give u possible ideals on how to raise your score when running your credit based on our credit simulator tool.

You should be fine with 680+ and 20% down.

Don't wait.. go purchase now.. any conventional loan with 20% down or more does not require MI.. and 687 is within the range for nearly every lender out there.. If you have recently paid down your credit cards, but the lower balance does not reflect on your credit report or in your credit score, then you can ask the lender to do a "Rapid Re-score" where they can get copies of your CC statements, and have the credit agency update the credit report to reflect the lower balance, in turn raising the credit scores, and this can all be done inside of 3 to 5 days.. if your score improves over 740, you will get the best rate a lender has to offer.. 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

Yes, definitely. Conventional loans are possible with scores as low as 620 and 20% down always means no PMI - which is also available down to a score of 620. Both the rate and the PMI cost are driven partly by your score with the best rate generally over 740 score. There's no reason to hold off!

Yes, you should be OK. You'll want a professional to review your situation and make sure the conventional loan is the right loan for you. There are other options too.Call me if you'd like a local expert!

You are good to go with that score and down payment. I would speak with a local loan officer and have them present you a couple of loan options to see what best fits your needs. No matter what you will get no mortgage insurance as long as you stay away from an FHA loan. Best wishes, Sean