Most lenders are requiring a 620 credit score but we work with our clients to help them get those needed points.
Sometimes getting 40 plus points in 6 weeks. If you would like to chat about your situation please give me a call.
Senior Loan Originator
Ardain Mortgage Corp
You would also have to meet income and asset guidelines.
Since you are not currently employed, any bills on your credit would be counted against your fiance, and affect the loan's debt ratio, so you need a good analysis of your entire situation to see if you add value, or detract from the loan application.
A co-signor could contribute additional income and assets, but their bills would be counted in your debt ratio, and the lower applicant's credit score is used to underwrite the loan.
So, what am I saying? It is not impossible, but you may want to speak directly with an experienced Loan Officer, and obtain guidelines to work on and meet, to give you a better loan profile over time, and ensure that you not only obtain a loan, but that you obtain a GOOD loan.
I wish you the very best.
FHA guidelines say 580, but I'd like to see a 580 actually close! Probably not happening...
Thanks and best of luck.