It seems like every day I walk into my office, there are new credit score minimums that are being required by all investors.
In today's market if you can get your middle credit score up to 580, you should be in good shape. You should definitley work on building your credit up a little bit more. You can charge a little bit and pay it off monthly until you are ready to purchase. This should definitley help increase your scores. Also as a rule of thumb, never carry more than 10% as a balance on your card to achieve optimum results. Ex: If your available credit is $1000, try not to carry a monthly balance on the card over $100.00
I hope this helps you....if you have any more questions you can email me direct at firstname.lastname@example.org