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What are my options?

I have been working with a loan officer for Avery big national bank for 6 weeks. He said because my score was too low (621) I had to come up with 25% down ($88750) which I did. Next we went through all kinds of traditional credit checks, home buyers education program, etc. I paid for all inspections, appraisals etc. I even changed utilities to my name. Then suddenly the day before closing, he called saying my score has dropped to 618, that I was not approved and that I would have to take the FHA route. I make $200000 a year from a stable job. I don't have any bankruptcies, credit card debt, student loans, car payments etc. the only reason my score is low is because of identity theft. What are options now? Any ideas?
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October 29 2013 - US
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Answers (2)

Go to a local mortgage broker - not a bank.  They have access to traditional lenders across the United States that may be able to accommodate your circumstances.

Private money as a previous poster suggests is not only expensive but risky. 
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October 30 2013

Hello Pam, My name is Cameron and I think I may be able to help. What area are you located in? You could connect with a private money lender locally that will act just like a bank normally would but will not focus on your credit. There is some initial draw backs of course ie. Shorter terms (3-10 years), higher interest rates (6-10%), and they are put in first lean position. There are a ton of ways to make this very easily do-able though. One is just to refinance your home after your credit is back on track, thus lowering your interest back down and giving you a longer term once again. 

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October 29 2013
 
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