Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for firsttimebuyer1234

Is is possible to get a mortgage with a 645 credit score in NY (Westchester County)?

  • November 09 2009 - White Plains
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (5)

You can qualify for FHA or conventional financing with a 645. Conventional will be a higher rate than if you had a 700 score but rates are very good overall still if you compare to the history of residential financing. 20% down conventional, as little as 3.5% down with FHA.  Also, dont overlook Fannie Mae real estate owned - those eligible properties can be had with very good rates, only 3% down, and no mortgage insurance. Hope that helps!
  • February 14 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Speak with several mortgage professional to see all the options available to you
  • February 14 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Federal Housing Administration (FHA) loans are available for borrowers with less than perfect credit scores.  Best advice is to talk to a local mortgage professional and discuss all options available to you based not only on your credit score but on the property type, loan to value and your debt to income ratio.
  • February 13 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

You can probably get an FHA mortgage.  It also depends on your income and the size of the mortgage.
  • November 09 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for firsttimebuyer1234

In order to get into a convetional 30 year fixed what would my FICO score need be?  How much down?

Thanks!

  • November 09 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.