Your scores are fine, i have a local lender recommendation who does 580+ scores. It often depends on your debt / income and if you had any recent late payments but you sound like you should be fine ! feel free to contact me anytime for recommendations or if you need a good realtor. Thanks Ryan 704-608-4767 C/T or Ryanharlan1@gmail.com
also you might want to check out NC advantage or talk w/ lenders about specific programs to allow you to keep more cash in your pocket when buying a home my lender has allot of programs to help save buyers money.
Based on strictly credit score the two of you can qualify for a mortgage. I work with a lender that approves FHA loans with a score as low as a 600. Not knowing what is on your credit report makes it difficult for any of us to specuialte as to whether your credit is sufficent to qualify for a mortgage.
credit score is one part of the equation to getting qualified to purchase a house. My advice is to talk to a reputable mortgage lender that will qualify you based on those scores and inform you if you can qualify based on your credit history.
The mortgage person I refer clients to is Chris Ayer. His cell phone number is 704-771-3954.
Coldwell Banker United
If you meet the criteria in the Trulia Blog "I have bad credit and no savings. Can I get a home or am I stuck renting?" (link below), then you can most likely get a loan. You will likely get suggestions for many different mortgage brokers and mortgage bankers. I suggest you work with a mortgage banker who is lending their institutions own money. Lenders all get their money from the same place, so interest rates will be very similar, but with a mortgage banker, fees will be lower. Regardless of who you choose, you should resist the urge to simply compare quoted interest rates but instead compare Annual Percentage Rates (which is the percentage rate including all interest, plus fees and costs). Because multiple inquiries in a short time can negatively affect your credit score, I also recommend that you initially only authorize ONE lender to pull your credit.For a personalized recommendation, please contact through profile. Once we see what that lender is willing to do for you, we can determine if the rate and terms are acceptable, or if you need to go to a specialty lender.
But obtaining financing is just one step. We work with a lot of first time home buyers and carefully coordinate with your lender to negotiate a price and terms of your purchase that works best for you. Often we are successful in finding down payment assistance money for qualified first time buyers, and for many purchases, we are able to get the Seller to pay all of your lender fees, fund your prepaid property tax and insurance escrows and pay for your title search, inspections and other closing costs. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. Id be pleased to provide that service. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click.