Pennsylvania Good and Excellent Credit Mortgage Programs - 660 and above

Do you want to be rewarded for your excellent credit history?

We can do that.

We have an Elite Program for borrowers with scores over 760 with LTV and loan amount over $250,000. This rate will be on average .125% less than rates for someone with anything just below that.

67% of the population has good to excellent credit according to Experian Credit Bureau. The top half of those (over 760) may qualify for special savings with our Elite program.

mortgages-credit-scoreHow does your credit score rank?

740+ is Very good credit.   If you refer to the Fannie Mae table below, there are no additional fees for those in this range.                  

660-739 is considered Good Credit for our mortgage programs.

Below 660 please go here.

Excellent credit loan programs:

1- Full Documentation Loans: 

We would be verifying your credit report, income, and assets.  From your credit report, we obtain your scores and debt.  The assets we verify would include money you need for closing, including gifts if applicable.  Then an appraisal and title search is done which we coordinate for you.  Closing takes about 4 weeks.  We do accept most transferred appraisals and this would save two weeks.

Loan Programs:

  • 10-40 year fixed.
  • Interest only ARMS, 1/1, 5/1, 7/1 ARMS
  • FHA, FHA streamline refinance, FHA 203k
  • First time buyer with downpayment assistance
  • Physician loans
  • USDA
  • Homestyle renovation 
  • Good neighbor mortgages
  • Energy Efficient Mortgages
  • Non-warrantable condo to 90%
  • Interest Only loans to 80%

Loan Purposes:

  • Purchase
  • FSBO Private Sale
  • Rate and term refinance
  • Rate reduction refinance
  • Cash out refinance
  • Streamline refinance
  • Renovation
  • Debt consolidation refinance 
  • Home improvement refinance
  • Divorce buy out
  • ARM to fixed refinance
  • and more.

Down payments/Maximum LTV:

0% down with a USDA loan and PHFA .  

2 - Stated Income Loans:

If you are self employed and have a credit score of at least 660, we can use your bank statements, rather than tax returns, to verify your income.  90% maximum LTV (10% down) with a 720 minimum credit score.  85% max LTV with a 660 minimum credit score.  Primary residence and second home options available.  $100,000 minimum loan amount.


Below 660? Please see our Sub-prime mortgage information.


Fannie Mae and Freddie Mac Charge Loan Level Price Adjustments based on 640+ credit score:

Every lender offering a conforming loan must follow these add-ons. The add-ons are in points (% of loan amount as a closing cost/fee at closing) but can also be paid for with an increase in rate. Each .500 on the table equates to approximately a 1/8% (.125) optional increase in rate to “buy-out” of the LLPA fee.

Mortgage LLPA Fannie and Freddie Conforming Loans

If you have excellent credit, we can preapprove you with only basic information.

We can also provide a custom rate quote. Our posted rates do not factor in the above LLPA’s for each loan so it is best to contact us for your specific rate. Our rates are very low, without sacrificing service.

Free PA Loan

FHA Loan Level Price Adjustments based on credit score are much simpler:

FHA Credit Score LLPA

Below 640 score? We can still help with an FHA mortgage. Please see our Sub-prime mortgage information .

FHA Appraisal Tips

Jumbo Loan Mortgage LLPA’s

Our Big and Easy Jumbo loans require a minimum 720 credit score:

Jumbo Mortgage LLPA

We will work within the above guidelines to ensure you are rewarded for your excellent credit score.

Certified Pennsylvania Mortgage Broker

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