Well a 575 is not as bad as you think but to get the best rates it would be desirable to get it over 620. I have had many clients get their score up in 30 to 60 days and in the process clean up the clutter in your credit file with CreditFix. While you are perfecting your credit you can look and have fun to be ready when that day comes. Definitely renting is out of the question! What throw away homeownership, tax deductions, equity growth and the pride of ownership. So you are already ahead of the game as you asked the question, now the rest is easy.
I have an e-book about credit. Email me and I will send it to you free of charge
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
Your first step should be to find a trusted lender you can work with to get your credit moving in the right direction. Is your credit moving or is there still some bad credit hurting your scores? What do you need to do to get the 50 to 70 point move as quickly as possible?
Find somebody you trust who will take the time to answer all of those questions. You may be able to buy a home sooner than you think... but you won't know until you get to the answers to the questions above and find a person to work with to get you there!
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
Please see my blog for tips on getting a mortgage
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors