Hi Amkan,
I am located in vineland NJ too. I have helped many other buyers and would be happy to help you. I work with several different lenders and when your pre-qualified they usually qualify you for the financing they have available. You didn't put that much info but it does depend on how much lower then 620 and the program/financing that you are qualifying for. I have helped several clients and would be more then happy to help you too. Right now they have a program that you can get 4% towards your down payment - that is after 5 years no repay and closing costs then use prefund (tax credit monies) for balance of closing costs and could use up to $6,000 seller concessions if needed. This is a first time home buyer or someone who hasn't had a home in their name for the last 3 years creating no money down/no closing costs. There is also l00% USDA financing. As I said I'd be more then happy to help you,

I can be emailed at eileen@maturorealty.com or cell# 856-776-3264 mon-sun till llpm.

I look forward to hearing from you or anyone else who would like assistance & have a great day!

Amykan-
My name is Luke Allison and I am a retail loan officer with Bank of America. Currently we do not have a minimum credit score requirement to apply (although 580+ tends to be the threshold). I can do loans in NJ so if you need some assistance qualifying, you are welcome to contact me about prequalifying.

Luke Allison
Bank of America Home Loans
828-777-8828
lukeallisonloans@gmail.com

The question is, how far below 620? You should try to find a Mortgage Broker who also does credit repair and rescore. Some lenders can examine and tweak your credit and have it updated in 3 days. I have had clients update paid collections and credit card balances and their score went up 70 points!

There are a few lenders left that will do an FHA loan under a 620 score. You better hurry, they are changing the programs all the time. You will need 3.5% of your own money and of course closing costs. You can always ask for the seller to help you with up to 6% assist in closing costs.

I might be able to help. I am based in PA and lend in NJ. Tell me more specifics about your situation.

Amykan-

I am sure that there are lenders who can help you in your area-if not immediately they can help point you in the right direction to purchase in the near future. Not all loan programs are credit driven. Shoot me an email and I can refer a local buyer agent who can not only help you get pre-approved, but also help in your home search. I hope to hear from you soon.

Lori.Rossi@Nemoves.com