Talk to a direct lender and ask about their FHA programs. FHA doesn't really look at the credit scores, they tend to look at the overall picture if you can pay the mortgage. =)
If your credit score is low because you pay cash for items and don't really use any credit cards, you can see if a lender can use alternative credit. Being, receipts of rent payments, gas, water or paid phone bills.
When you talk to your lender take the following basic items:
Â»W-2s for 2007 & 2008
Â»Paystubs for the past 2 months
Â»2 Recent bank statements
There was no an appraisal contingency in the agreement and I put 8k down so I definitely don't want to lose my deposit. However, my bank will not give me a loan because the appraisal was so low. I though this would automatically negate the contract since it was writen with those particular numbers.... more