Can I buy my first house with a credit score in the low 600's?

Yes..If your score is in the low 600's, then you're in the range, so it's quite possible.. but you really need to sit down with a loan officer and let him look at your complete profile so he can put you in a position to purchase right away... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Based on what you have said thus far, you should be eligible for an FHA Insured Home Loan. You might even be closer to a better qualifying FICO score with a few tweaks to your balance-to-limit ratio on credit card debt. My TEAM services the entire Chicagoland real estate market and would be happy to discuss your home loan options. Happy New Year!

Absolutely, yes, and I would be pleased to assist you. Please contact me so we can discuss the details. I am a local lender in Schaumburg. We have the ability go with lower credit scores because we are a direct lender. barb.lanis@1amllc.com or 630-660-8868

The answer is yes, but now is the time to start working with a local Mortgage Professional to help you maximize your plan. You will likely be surprised to discover that very little needs to be done to get your score above 640 which will get you the BEST interest rate on an FHA mortgage, and you probably won't have to wait as long as you think you do. You can find a Licensed Professional at the National Association of Mortgage Professionals at: http://www.namb.org/assnfe/SearchBroker.asp?SnID=1921118381 ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

You should speak with a mortgage broker that covers your area not a retail bank. Good luck!

It's possible to get a mortgage (FHA) with credit scores as low as 600 but anything below 640 will be at a somewhat higher rate and more difficult to approval process. Contrary to what some on this site say, my opinion is there is nothing wrong with using a retail lender if you pick the right person. Generally the rate and fees are pretty competitive for a purchase mortgage but it always makes sense to check with more than one. You likely will not find one that will go below 620-640 score. If you are below 640 the main challenge will be finding someone that can go that low and who will work hard to get you approved.

You may be able to qualify for a mortgage with a credit score in the low 600's, but it depends just how low it is. However, it will be difficult to find a lender that will be willing to go much below the 620-640 score range. You might want to look specifically at an FHA loan versus a conventional loan, because they generally have looser credit score requirements.

You sure can as long as everything else lines up.