I may be able to help you if you are buying in Texas. I have one lender that will do a manual underwriting. This takes several weeks and there is no guarantee. If you are buying in Florida, I suggest that you get with a local lender that does a lot of FHA loans. They may be able to help you work on getting your credit scores improved to 620 which opens a lot more opportunities. Remember to stay current and not get any lates on your credit report, especially your rent or a mortgage payment.

You need to have a 620 minimum , then you can do an FHA loan.

you should improve your credit score... Some lenders can approve you for the loan with that score, it will also depend on other factors....... You can contact http://www.eaglenationwidemortgagetx.com/
They can help you out....
all the best...

Bank of America - Dan Hightower 915-534-4111;
Email: daniel.j.hightower@bankofamerica.com
Contact him and he will send you an application; He works with FICO's 580 and up.

I am a local mortgage banker but I also have the ability to do broker business. FHA loans down below 620 are possible but the lower your score the harder they are to get. I have a source that will do FHA loans below 580 but you will be put through the wringer and the rate is not the going rate. A 611 score is much easier than a 570 score that I am working on now. If you would like to contact me, my name is Bobby Cloud and my # is 512-627-2487.

I was told by a local loan officer that there will soon be a product available for a 580 credit score. Be patient and work on improving your score. You need a 620 to qualify for FHA>

You're going to be fighting for table scraps as far as banks go. Can you qualify? Technically, yes.

If you're motivated, let's talk about seller finance. No qualification necessary.

Call Chris Abbott at Prime Lending and get his opinion. His number is 241-1743. He may have suggestions to increase your credit score to 620 -- the amount needed to get most financing.

Tell him I sent you!!!

Mary Strickler
Prudential Realty

Buying a home with a 611 score is possible. You may be able to go with an FHA insured loan. You cannot have any lates on your rent or mortgage payments for the last 12 months. Nor, can you have any college loans, tax liens, etc.
I suggest that you get with a mortgage professional to see what your options are.
Good luck.

You may be closer than you think to buying your next home! Have you considered a USDA loan? You must meet the USDA guidelines/income limits, and buy a home in areas of lesser population such as Buda, Kyle, Del Valle, Bastrop, etc. If you would like to discuss this further, I have a wonderful lender who is great at USDA loans, as well as FHA/Conventional loans. Just contact me by email or phone to discuss this further.

Jana MCCool - RE/MAX Austin Associates
512/964-7653, 512/280-2665
Jana@JanaMcCool.com

Country904,

Good day. Here is what the experts are saying, "If a first time home buyer wants to qualify for a loan, they will need a credit score of at least 660 unless they try for an FHA loan."

Things to consider:

1. Opinions vary on how high your score needs to be in order to get a home loan in this market.
There's a big difference between qualifying for a mortgage and getting the best interest rate on that mortgage. In order to get the best rate, you need an even higher score than you would need just to qualify for the loan.

2. Your credit score is just one of the things a lender will look at when considering your for a home loan. They'll also consider your debt-to-income ratio, the size of the loan in relation to your income, and other financial factors.

3. If you feel you have a decent score, and you want to know if you can get a loan, there's only one way to find out for sure. You have to apply and see what happens. You don't have anything to lose by applying for a mortgage loan (except a bit of time and energy).

Hope you find this information helpful. Please keep in mind that BuyersHouseRealty is in the buyer real estate education business, and we pay for our clients education.
Learn more>> http://www.buyershouserealty.com.z57preview.com/realtor_cont…

Regards,

Gavin St.Louis
Texas Mananging Broker/Realtor
BuyersHouseRealty
"Showing You the Real Estate Rebate"

Yes I know someone who can probably do your loan. You will need two years of work history and no late payments in the last years. Give me a call and we can talk about it. (512) 590-9150

You can get an FHA Loan. What price range are you in? Visit my website to search for properties & sign up for instant notification of properties as they come on the market: http://www.findaustintxhomes.com

Lionel Laday, Realtor
Keller Williams Realty
512-745-0032
lionelladay@yahoo.com http://www.findaustintxhomes.com