The good news is that it is often relatively easy to raise your score by 100 points or more within a shorter time than you might think. Check out my link below for more information about easy, legal, and FREE ways to do this.
That is a difficlut question to answer. The credit score is one part of the equation but the loan to value ratio is also an important part. Most conventional loans will require a 20% down payment There are other programs that could reduce the down payment requirment but you and the property would have additional requirements. The real point is that this is not a simple question.
My recommendation is that you contact a local mortgage company and review your situation and the property you are considering. They can give you the best guidance.
Mortgage Loan Officer
BenchMark Realtors, LLC
BenchMark Mortgage, LLC