You would need at least a 580 to get an FHA or USDA loan. If you have less than 580, you may still qualify if your debt to income ratio is low and you have some assets. If you have additional questions, I can point you in the direction of the loan officer who provided me with this information. Thanks!

Hello Esb,

Yes, you would need a middle score of 620. That is FHA's requirement. I can get you in touch with a credit repair specialist that I highly reccommend. He is an attorney that would look at your report, prioritize what you need to get taken care of, then write the letters to the bureaus and then in 30 days will see how your score looks. It may take 2-3 months, but this is a process and the end goal is getting a home that you love. I have personally taken many buyers through this process and they have bought the home they absolutely love. The mortgage broker's contact is...
Heather Witt - H28Witt@yahoo.com (Email)
(513) 910-1576 Cell
She will pull your creidt report and then direct you to the attorney. It is great having the mortgage specialist and the attroney working together as a team, it goes very smooth! They are local...Star Point Mortgage
3930 Edwards Rd. Cincinnati OH 45209


If you have any other questions, feel free to contact me at (513) 253-7156. I would love to help you buy a home once you have your approval.

Happy Huuse Hunting!
Sheri Mapes the Cincy House Expert
sheri.mapes@cbws.com (Email)

Esb you need to raise your credit scores to qualify for a loan. Currently lenders are looking for a 620 score. If you would like you can contact me and I will refer you to a lender that will advise you on how to raise your scores to be able to qualify for a loan.
At that point we may be able to do a lease purchase. A lease purchase is where you put up an option fee on a property and execute a purchase agreement to close in 1-2 years. Durring that time you work on improving your credit to be able to qualify for a loan.
Be careful though if you do not complete the purchase you would stand to loose your option fee. There are some sellers that look for people to lease purchase then when they are late with the monthy lease payment the evict them and keep the option fee because they violated the contract.