First time home buyer

if you look at your scenario from a lenders standpoint, you will see how unrealistic this is.. your asking a lender to lend you enough money to buy a home, and lend you the down payment, when you have a credit report that goes back 7 years (or longer) and outlines your history of not paying your bills, or at the very least not paying them on time... This will never happen.. you have to get your credit scores up.. currently FHA does not have a minimum credit score requirement, they just say if your score is below 580, you have to put 10% down.. but the lenders can require additional rules, and it's these "Overlay's" that say your credit score has to be 620 to 640 to get financing.. the best thing you can do is to get working on fixing/improving your credit history.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

the first step is to get your scores up, this can be a simple and painless process, depending on your current credit history., while getting the scores up, you should consider the type of loan you would like ( probably FHA) since it requires the least down payment ( 3.5%).feel free to email me with any questionsemarez@thefederalsavingsbank.com

You have to get your scores up to at least a 620 or better then you can qualify for a FHA loan which requires at least 3.5% down payment.

With those credit scores, you are not going to get a loan. The good thing is that most people, with a little time and knowledge can usually get their credit score up to a level that will let them get a mortgage loan. Talk to a local mortgage broker in your area for assistance on how to get started. www.MNHomesandLoans.com

Hi Seema;I am with a Community Bank here in CT- e-mail me at pbass@nvsl.com. My expertise is helping 1st time homebuyers. There are special programs for1st time homebuyers in CT.

Previous posters are correct that you will have to get your credit score up. I can help you with that and unlike many I can deal with a score as low as 580. This requires 10% down, however. As your score gets higher than that, the amount required for downpayment gets less. If you need more information, a pre-qualification, or a competing rate quote you can go to my web page and use my live support button to discuss anything at all with me. http://www.loansfromrob.com/quote/ Email is rhanson@gladewaterfinancial.com and direct phone is 240-752-7549. I am in Silver Spring so local to you....Good Luck -- Rob Hanson

oopsss.. mixed up two of my email addresses when tying! My correct email is rhanson@gladewaternational.com