Hey Lenard. I just spoke to a Mortgage Lender yesterday and she does 500 credit scores. As long as you have at least 3.5% down payment,two years of W-2 and two years of work history,you are fine. If you want her number,please give me a call at your earliest convenience. I can be reached at 202-378-0283. Have a great day.

There are, but it's slim and hard to get. I have wholesale lenders who do it but you must meet all other FHA guidelines. No exceptions!

below 620, you can go for FHA loan, but as Robert mentioned very few lenders will work with you depending on your employment history, your income and other factors... If your score is near 620 then best for you will be to improve your credit and try it bring it above 620 so that you can get decent rates for FHA loan...

Yes you can still go less than 620 on FHA and VA financing. There are less lenders that will do these loans, but they are available. Compensating factors will help such as debt-to-income ratio within reason, cash reserves in the bank, long time on job, good explanation for credit problems, etc...

Hi Leonard there sure are! Call me if you'd like details..Looks like we are close in proximity as well.
202-528-1642

Lenard,

Yes, Some lenders will go down to a 560 or so for a purchase with those scores. I can put you in touch with a couple if you need me to. Just send me an email and I will give you some good contacts.

Danny Castagna