That is just ignorant!
Either you qualify for a loan or you donâ€™t. ALL PEOPLE WHO QUALIFY WILL GET A LOAN!
I have never known of any qualified buyer being denied a loan due some sort of competition.
Contact a reputable mortgage company in Ascension, let them look at your situation. Ask what you need to do to boost your scores. It may as simply as paying down all credit card to below 50% of the balance.
The point isn't to crucify you (or anyone else for that matter); rather, better credit leads to better rates/terms.
Ian is correct....The blunt truth is you need to work on your credit.
A loan to buy a home is a good hunk of change and any reputable lender is going to have to decide if you are capable of or willing to pay it back.
Your credit history is an important piece of information for the lender to consider.
People compete for loans and you will be competing at this time with a major disadvantage and you don't want to take a loan from anyone except a reputable lender. (It would be foolish)
Work on your credit, save for a Down-Payment and then find your home..That's my opinion
Good luck, Dunes