First time home buyer with a 560-570 credit score

There are programs out there that only require a 580 mid FICO however you will have to jump through many hoops to get approved if you can find a lender who will allow for a 580. I would recommend contacting a reputable local mortgage lender (not one of the big banks), and asking if they have any experience in rapid re-score or credit expert. Many people do not realize that some minor changes in account balances can drastically improve a score resulting in a much easier approval process.

first, we need to look at your credit report to see what is one it .. are you getting your report on a free online site? they usually will score lower,, if you look at the print, they are credit repair companies, they are consumer reports and not mortgage credit reports.. the consumer ones are not allways updated... when was the short sale?? the most important, when was the house taken out of her name?? that is the date that we go by..linda yourloanpartnerforlife@live.com 602 330 1598we might want to look at a credit restoration on your report, before you purchase.. i refer to one national company only, they will be about 1/3 of the cost of anyone out there..

Check with a local mortgage broker as they sometime have access to lenders who will accept credit scores down to a 540. However the rate and down payment may be pretty high and it may be worth the time to fix your credit before purchasing a home.

With a 560 score you are likely looking at needing to put at least 10 percent down.

You really should try to improve your score to 600-620 to have the best chance of getting approved. Don't pay off old collections, that might actually drop your score. find someone who will look at your report and give you good advice about what you need to do to improve your score.

I need a Lon

You might want to try this lender. They may be able to help you. http://pacunionfinancial.com/