Zillow Advice: Credit Scores - Can I get a convent. loan with a 640 credit score? App. for FHA but 30 yr PMI, not good. http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Zillow Advice | Zillow Real Estate Yes, but that may not be ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Yes, but that may not be your best options.&nbsp; Call or email with more details and I can try and help Mon, 11 Nov 2013 00:11:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-11-11T00:11:00Z Yes! While most lenders require ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Yes! While most lenders require you to have a 620 or higher (which you do) national FHA guidlines actually permit lenders to loan on a FICO score as low as 580. Conventional loans are a little more credit restrictive. While you may be able to qualify for a conventional loan with a 640 FICO, anything under 700 and your rate is typically less favorable.<br/><br/>Hope ths helps and happy house hunting! Wed, 06 Nov 2013 21:57:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-11-06T21:57:00Z Helloyes you should be able ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Hello<br/><br/>yes you should be able to qualify for&nbsp;a Conventional loan witrh a 640 credit&nbsp;score. if you put less than 20 % down you are stilll going to have Private &nbsp;Mortgage insurnace and the amount will depend on the <br/>combination of credit score and % of down payment&nbsp;<br/><br/>It is good to look at&nbsp; both the alternatives . since the FHA funding fee is huge and the MI will be there until you payoff the laon<br/><br/>I am Mortgage Loan&nbsp;Specialist and have been in the indsutry for over 13 yrs<br/>You can contact me&nbsp;and i can go over your scenario and advise you on what may the best prodcut for you<br/><br/>Thanks<br/><br/>Tom Bawany<br/>REMN, Inc<br/>[Content removed by Zillow Moderator. Please see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>]<br/><br/>&nbsp; Wed, 06 Nov 2013 18:27:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-11-06T18:27:00Z Yes, this is possible. &nbsp;There ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Yes, this is possible. &nbsp;There are many other factors that go into qualifying for a conventional loan with MI. &nbsp;The loan to value and your debt to income ratios are two of the most important.<br/><br/>Please contact me if you have questions and I can run exact numbers and comparisons between the two.<br/><br/>Thank you! Tue, 08 Oct 2013 16:26:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-10-08T16:26:00Z Yes, you can qualify for ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Yes, you can qualify for a conventional mortgage with a 640 credit score. The tough answer is that because your score is on the lower side of acceptability for this loan type you may incur a higher interest rate. It would be best to ask this directly to a Loan Officer that has all of your information in front of them to quote you an accurate price on rate/fees. Mon, 07 Oct 2013 22:27:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-10-07T22:27:00Z Short term answer is yes ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Short term answer is yes but it would be best to contact a loan officer on here such as myself or anyone else and we would be more than happy to help you .<br/><br/>good luck! Mon, 07 Oct 2013 21:53:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-10-07T21:53:00Z Just by looking at your credit ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Just by looking at your credit score, yes that is possible. There are other factors such as income, expenses, debt, assets, liabilities, down payment, and employment that may affect your ability to get a loan as well. I would recommend speaking to a lender like myself so we can try to get you the conventional loan that you need. I have been able to give out these loans with scores as low as 620 so you are good to go.&nbsp;<br/><br/>Well I hope this helps! If you have any other questions or if you would like a loan, feel free to contact me.<br/><br/>Good Luck! Mon, 07 Oct 2013 19:38:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-10-07T19:38:00Z Yes it is possible.&nbsp; ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ Yes it is possible.&nbsp; Depends on debt to income ratios. Sat, 05 Oct 2013 13:53:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-10-05T13:53:00Z Credit score will allow you ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ <p>Credit score will allow you to qualify but it depends on your DTI. I can compare the two programs for you and allow you to choose which one you would prefer.</p> Fri, 04 Oct 2013 22:02:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-10-04T22:02:00Z Yes you can get a conventional ... http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ <p>Yes you can get a conventional loan with a 640 credit score.&nbsp; It will depend on what lender you chose and who they get their PMI coverage from.&nbsp; Our PMI insurer will allow us to go down to 620 for PMI on Conventional Loans.&nbsp; There are other factors besides credit score that determines PMI eligibility so I would contact a lender and request more detailed information.&nbsp; Thanks</p> Fri, 04 Oct 2013 22:01:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-convent-loan-with-a-640-credit-score-App-for-FHA-but-30-yr-PMI-not-good/514181/ 2013-10-04T22:01:00Z