Are you still in the market? If so, while minimum credit score requirements have risen at many lenders, we still can find financing at 600+ middle credit 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?" http://goo.gl/5RG3w 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 .
If you read the Trulia Blog "I have bad credit and no savings. Can I get a home or am I stuck renting?" and meet that criteria, you can probably get a mortgage as long as your middle credit score is over 580. if you are interested, please contact through profile. 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.
I suggest you discuss more with a Mortgage Representative at your local bank. Check out current rates, and learn about the different financing and mortgage options out there.
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
"I Stand Behind Getting You Results!
generally yes.... I work with a mortgage lender who has approved with score as low as 600 on a FHA loan before meetign the minimum requirement for an FHA loan. There is more to getting a mortgage though than just your score.
The banks are looking at your credit as well. They want to see if you had any lates in the past 12 months. Any charge offs in the past few years, unpaid doctor bills and payment history as well as revolving credit to available balances.
If you are below a 620 but pay your bills on time I would advise you calling the mortgage broker I use to see if he can get you approved for a mortgage. his name is Chris Ayer. his cell phone number is 704-771-3954. He will be able to tell you almost instantly what he can and cannto do to help you out.
Coldwell Banker United