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- Borrowers with credit scores of 620 or higherÂ
- Consumers looking to purchase a home (Silverton does not offer refinance loans)Â
- First-time homebuyersÂ
The requirements for a home loan with Silverton Mortgage depend partly on which program you choose. First-time homebuyers have a range of choices with low or no down payments and lenient credit requirements.
What Credit Score Do You Need?
First-time homebuyers with a credit score as low as 600 may be eligible for an FHA loan with Silverton Mortgage. Buyers with a 620 or better credit score may qualify for a conventional mortgage with Silverton.
When you’re ready to apply with Silverton Mortgage, follow the steps below. You can apply online, in person, over the phone or by email.
- Visit silvertonmortgage.com to find an in-person loan originator or start an online application.
- Submit your ZIP code to find an originator or Silverton Mortgage branch near you.
- To apply online, create an account by supplying your name, phone number and email address.
- You can also phone or email a Silverton Mortgage loan originator directly.
Silverton Mortgage offers an on-time closing guarantee with its Silverton Secure+ preapproved mortgage.
Is Silverton Mortgage Reputable?
Silverton Mortgage is a reputable mortgage company, although the 2023 J.D. Power Mortgage Origination Satisfaction Study didn’t profile it. In 2018, it was acquired by Vanderbilt Mortgage and Finance, a Berkshire Hathaway company that has an A+ rating with the Better Business Bureau. In 2023, the Consumer Financial Protection Bureau received 24 mortgage-related complaints about Vanderbilt, most of them about trouble during the payment process. The company provided a timely response to all complaints and closed each with an explanation.
Silverton Mortgage only offers purchase loans, so if you’re interested in refinancing an existing mortgage or taking out a home equity loan or line of credit, you’ll have to look elsewhere.
- Minimum FICO Credit Score
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Not disclosed
- Minimum FICO Credit Score
-
620
- Minimum FICO Credit Score
-
620
- Minimum FICO Credit Score
-
620
- Minimum FICO Credit Score
-
620
- Minimum FICO Credit Score
-
620
- Minimum FICO Credit Score
-
620
- Minimum FICO Credit Score
-
Not disclosed
- Minimum FICO Credit Score
-
620
- Minimum FICO Credit Score
-
Not disclosed