Yes, it's possible, especially with FHA. Although you'll probably be required to put 10% down instead of the usual 3.5%. If I can answer any further questions, please contact me directly.
Chicago Financial Services
312-204-6556 - direct
I would recommend that you meet with a experienced mortgage lender that will show you how to get your credit score above a 640. You then will not have to put as much of a down payment and possibly will get some better rates.
Should you have any questions, or would like me to review your credit with you please contact me at the below phone number/email. Good luck to you.
Nick Nelson (NMLS #384413)
Mortgage Loan Officer
1st Step Mortgage Group, Inc.
6876 Spring Creek Rd, Suite 124
Rockford, IL. 61114
Phone: 815-289-0880 (Cell)
Senior VP of Mortgage Lending
773 290 0455
Although your credit score is low there are still options available for you. Try these three lenders and see if they can help:
Standard Bank & Trust
Your personal criteria will determine whether you are a good candidate or not. When it comes to lending it gets more specific than just your credit score which is why you should sit down and speak with a couple lenders first. Just remember, be very careful on reviewing your credit since you already have a low score you don't want to make it worse. First ask if its possible then take the time to see them. Good luck and if you need any further assistance please feel free to contact me.
You have any questions shoot me an email , I could recommend a company that does effect credit repair.