How hard is it to get a loan with a so-so credit score but 30% down? Credit is 605 on Experiean

With a 605 credit score, you could qualify with FHA financing and a minimum of 3.5% down. Typically with a credit score of 605, your debt to income ratio would need to be 43% or less. Hope that helps. Feel free to call if you have any other questions. Nick Bebout - American Liberty Mortgage - 303-407-0824.

Our company allows for credit scores as low as a 580 for FHA financing. Let us know if we can help in any way. Thanks and have a great day!

With that credit score and 30% down some should be able to get financing.

If you have that much to put down, rather than going FHA, I'd see if there were a way to quickly improve your score to get you to 620 so you can do a conventional mortgage.

Much more info is needed to answer your question.. but in general, to qualify for a loan, it takes more than a credit score.. Also, lenders look at all 3 credit bureaus and use the mid score to determine if it's withing their acceptable guidelines.. But the bigger question is "WHY?".. Why is your score so low? BK? Short Sale? Foreclosure? unpaid tax liens or unpaid student loans? Judgement? Collections? etc,,,, you could have a 750 score yet if you have one of these credit deficiencies, you still might be denied.. There's so much that goes into getting one approved for financing, that it's impossible to say for sure without looking at your complete loan profile.. for this reason I suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. 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 NMLS# 226347