You can get an FHA loan with a 588 credit score. Your debt-to-income ratio must be within the guidelines and your credit report can not show any derogatory items within the last 12 months. The rate would be in the mid 5's
Also, Freddie Mac still has A- programs that will go down to a 580 credit score. With a Freddie Mac loan, if you qualify, you're looking at rates in the mid 5's depending on how many points you want to pay.
Feel free to give me a call. I can be reached Toll-Free at 866-573-3331
I would take a quick look at your credit and see if that can be imroved.
Maybe look to see if anything is inaccurate or not your account.
You should dispute anything that is past the statute of limitations, duplicates, look to make sure all of these accounts are your.
Best of luck
Certified Debt Negotiators