typically most lenders will qualify you on three things, income, credit and assets. Your income is only one factor, the credit is a picture of how you have paid your debts and obligations in the past. Most lenders will not loan below a score of 620, however, you can find lenders who will go down as far as 580, on FHA loans. I work for a large direct lender in CA, and we loan in all 50 states, however, I am not personally licensed in ME. if you would like a free analysis of our programs, and perhaps some tips on improving your scores, please call LoanDepot at 888-300-3376, and ask to be prequalified by a licensed mortgage banker for your state.
There are some excellent resources you can refer to , to assist you with your credit scores and understanding how to improve them. try looking at www.myfico.com in the education section, or, if you have a book store, check the section on Finance and you may find some excellent resources there on credit and improving your scores.
I am not sure if you are looking to find a home with ths description or sell one. Please come back and either edit your question or just hit the answer key and add some more details. You can also contact me direct for assistance.... more