You might be able to get a loan with a 580 credit score, but you should wait until your score is around 640 before you try to buy a home. Interest rates are based on a lender's risk. The higher the risk to the lender, the higher the cost to the borrower. Get your credit score up to about 640 before you try to buy a home.
Don't Let Them Make a Monkey Out of You! Follow the links below.
Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You! US, Texas, and Spanish versions available.