good morning....if you would like to call me on the number listed.....i'll be glad to talk with you regarding your situation.......and how to increase your credit score.i can actually finance borrowers on a purchase down to 580....but that doesn't automatically mean you can be mortgaged....bob mcclure- success mortgage partners- plymouth, michigan...

We're all in agreement. May benefit you to take some of that cash and try to pay down any outstanding debt to work at increasing your score.

Unfortunately, I agree wth Dana. It's probably not going to happen in the current bankning climate. The best way to really find out, however is to get in touch with a few different lenders and ask for a preapproval. My firm, Homewaters, L.L.C. services the Houghton Lake area and I'd be happy to provide you with the names of some terrific local lenders that, at no obligation, can prequalify a buyer. It's really the only way of knowing whether they'll get the financing or not.

For an FHA with 3.5% down you need a 620 although some lenders can do a 585 if other factors are acceptable. For conventional you need a 720.