Loan programs are changing all the time. What was fact yesterday, may not be fact today. Because we are in a changing market all the time, it is best for you to sit down with a loan officer and have them look at the circumstances surrounding your credit score and or the rebuilding of it.
I have an excellent Loan officer, actually a couple of them, that would be more than willing to work with you and help you to qualify. Or show you EXACTLY what needs to be done to help you increase your score. So that you can qualify, if not for this one, than one in the near future.
This particular home is an REO property. A bank owned property. A little bit more tricky to qualify for and extremely time instensive. We are looking at 12-18 months in some situations to close.
By then, you could fix your score and possibly find yourself a home that is move in ready.
If you'd like to discuss this further, please feel free to contact me directly.