It's all about your capabilities to pay...
If you are â€œAâ€ paper go to a Bank or â€œAâ€ Paper Lender. That a credit score of 740 or higher
If you are â€œBâ€ paper 650 to740 Credit Score a lender may be able to help if you have 5% to 20% down and good employment in order to get a good deal.
Now if you are â€œCâ€ paper 650 to 590 a mortgage broker is the way to go.
Under 590 you may qualify with certain conditions or with a private lender and a 40% down payment.
I am a Realtor and Mortgage broker, but I never broker â€œA or Bâ€ paper if I can save my client money.
In closing make sure you get a written Good faith Estimate prior to applying for a mortgage.
The Keyes Home Team