My rate is ridiculous with the mortgage I have now through the deed for trust. I get great incentives to get it refinanced in the next few months.

I have been working on my credit and I got it to jump up 50 points, but im not sure of the new credit score minimum

It is my dream to own my own home. But all I here about is credit scores and stuff. I don’t have bad credit or good credit I don’t have any at all. Is it possible for me to buy a home?

I’m putting both my income and my fiance’s income to get a home loan. I know they check your credit score but which one to they use considering there are three of them from each of us. Do they take the lowest out off all of our scores or the highest?
sorry, take into account….

FICA score around 600 (I’ve been working to repair it)
2 1/2 years steady employment at the same job.
I’m only looking for a starter condo in my area.
I can come up with a few grand for a down payment.
My Mortgage Broker says I’ve got a shot, but that was before the economy took a dump!
I could stay in the places I’m looking at for a few years comfortably.

Should I even bother filling out the application?

Can I get a mortgage loan ($40000) with an auto repossession on my credit? The vehicle was repossessed a few months ago, but I worked out a payment with the bank to pay the deficiency balance, and I have been paying that since the repo. Will I be able to get a mortgage? I went to my credit union and they said the default balance would have to be paid in full before I could get a mortgage, but I know some people who have bad credit get a mortgage.

I am looking to purchase a house for about 90-100k. I’m searching for REO’s. I was turned down today by a bank. The bank lady said I needed to pay off two items on my credit report. I heard that credit unions are easier as far as loans, because some underwrite in house.

I have an average 480 credit score but a local lender told me I needed at least a 580 to qualify for a FHA loan (1st time buyer/low down pmt). My boyfriend (co-borrower) has a 700+ credit score and they still wouldn’t loan us the money. Our income is decent and I have started cleaning up my deliquent accounts, what can I do to get into a house now?