My fiances credit is in the high 500s, is there anyway he could get approved for a loan?

possibly a FHA loan with some lenders. Expect the rate to be higher than available with better credit and he might need to put 5% down

Depending on the loan and down payment you may be able to get a FHA loan.Your best strategy may be to work on getting your credit score to a 640 or greater.This will allow you more options. Contact your local community bank for more information in your State.

You will hear a few people say "possible", but the true reality is that if the middle score is below 640, you really should focus on improving the credit score before applying for a home loan.

Easily with as low as a 580 depending on what is actually on his credit that is causing the low score. Income, assets and debt will also play a major role in getting approved.

Scores as low as 580 with 3.5% down on FHA, with 10% you could go down to as low as 530.

I can work with a 580 score on FHA, yes. I will also work woith you during the process to get your credit score up as high as possible even if I can qualify you as is. It's a free analysis and plan that I offer all my clients as a part of doing business with them. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

It's hard to say.. so much more goes into one's eligibility, that just knowing his score is not enough information to say... Typically, lenders look for scores in the 640 or above, with a hand full of lenders going down to 600, and maybe one or two who will go below 580.. That being said, I've had borrowers with 750 scores not get approved, so without knowing all the details, no one here can say for sure.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

Some of us loan down to a 580 credit score on an FHA loan. I would recommend trying to raise his scores, if possible, to ensure better rates and terms. We run a credit simulator at no charge to the borrower to determine how to raise their credit scores.Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803