Call me or email me I would love to help you. I am from Springfield.
I'd be happy to refer you to a remarkable mortgage originator who could give you a definitive answer to your question...not only would she answer your question, but if she was unable to locate a mortgage product that would work for you today, she could also counsel you on the best way for you to improve your scores so that you could possibly qualify in the very near future!
With that being said, I also must say that what you and I define as "poor" credit, might not be as poor as we think!
Call me today and I'll happily put you in touch with my favorite mortgage lender so that you can quickly and easily get the answers that you seek!
Park Square Realty
44 Elm Street, Westfield MA
Western MA and Northern CT REALTOR®
Website: http://www.JulianneKrutka.com - Serving the real estate needs of Buyers and Sellers in Western Massachusetts and Northern Connecticut.
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A wise person once said..the only stupid question is the one you don't ask! I am never to busy to answer your questions about Real Estate...ask away!
Biggest misconception out there- that you NEED a 640 score for FHA. I have investors who consider more than just the score. I have done loans with credit scores of 580 with the right borrower. We just look at the big picture- work history, assets, recent credit history, etc...
Feel free to contact me to discuss your options. No cost/ no obligation. My contact info is here- http://www.LendWithScott.com
Licensed Mortgage Planner
Regency Mortgage Corp. http://www.LendWithScott.com
You need to get to a FICO of 640 at least, then you can get a FHA loan.
There are loans available for lower but Rates and Costs can be very high.
There are also hard money lenders.
Key thing will be to improve your Credit and go from there.