Any good lenders who would work with a 630 middle score

[texasmade]

in Texas? Thanks 

TU 630

EX 669

EQ 595

[StrawberryIce]

I know Homebridge would.

[StartingOver10]

Try DallasLoanGuy here on this board, he is right in Texas too

[Anonymous]

I've had a great experience with http://www.georgetownmtg.com/branches/ this week... mid score was 633

[mamatried]

Try Rich Queen. He is VERY nice and friendly. I spoke with him last fall and he went through my CR with me line by line and what I could do to get my scores up. He is awesome! If he can't get you preapproved, he will give you great advice!

email: rich.queen AT imortgage DOT com 

Rich is licensed in Texas and I believe he bases out of Ft Worth. 

[Anonymous]

BBVA  Compass Home owner made easier may be a possibilty

[texasmade]

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@Anonymous wrote:

I've had a great experience with http://www.georgetownmtg.com/branches/ this week... mid score was 633

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Did you have to go through any extra hoops,

[Anonymous]

Are you applying for a VA loan, FHA, USDA, or conventional loan?  I do not have experience with conventional financing but most banks/credit unions will finance with a score of 630 for FHA or USDA (as long as there are no major negative listings). If you are a veteran there are even more opportunity for financing with no money down.

[texasmade]

FHA

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@Anonymous wrote:

Are you applying for a VA loan, FHA, USDA, or conventional loan?  I do not have experience with conventional financing but most banks/credit unions will finance with a score of 630 for FHA or USDA (as long as there are no major negative listings). If you are a veteran there are even more opportunity for financing with no money down.

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[mamatried]

As long as you don't have any judgements/public records and your accounts are all current and you do not have any collections (aside from medical), and you have 3.5% down and some extra $$ for some of the extraneous expenses, you are likely to find someone to work with you via FHA. 

If you can get that score up a bit more and come up with 5%+ down, you may be able to get a conventional which will save you potential PMI. I know a lot of folks on here talk about dealing with the PMI via FHA and planning to refi in a few years, but rates right now are sooooo good, that I would be a little nervous that rates will have jumped or I wouldn't have enough equity by the time I'd want to refi. 

I've had a lender tell me they can get me approved for FHA with 3.5% down and a 630 middle score, but I want to try to wait and strive for conventional. I don't want any stipulations hanging over my head...