Currently there are only a few local banks out there that will accept a credit score above a 580. Most banks are accepting a minimum credit score of 620. Check out alot of offers that the banks are offering NOT mortgage brokerages. Right now, interest rates are 3.875% and now is the opportunity to get off the fence and start looking to buy! With the bank offers out there, you can purchase a house for just $1,000 down and no closing costs. Also banks can also increase the interest rate to 4.125% and give the buyer money at closing if they are short money to close. Even at 4.125%, its still a great rate!
If you had a past Bankruptcy, you can purchase a home 24 months after discharge and no late payments or collections for a year! If you had a home (foreclosure) included in the BK , then you need to wait 3 years after discharge and no late payments or collections!