I want to purchase a home in northeast ohio for 50000

In the event teh Ohio Housing Authority cannot assit you with your request, I recommend pulling a credit report, if you have not done so in the last 12 months, to confirm the status of your existing debts. You are entitled to one free credit report per 12 months. You will not receive a score, but you will have access to the status of your existing accounts. If there are credit cards with high balances, you will benefit from paying a little extra next month to decrease your balance to limit ratio. If there are any accounts with recent delinquent payments, over 30 days, you would also benefit from bringing those accounts current in order to raise your middle credit score within the next 45-60 days.

The best suggestion is to reach out to the Ohio Housing Agency at this link to see how they can help: http://www.ohiohome.org/

I would suggest trying a local credit union. They are better suited for loans around $50k with some credit issues.

I currently do not do loans in Ohio but can tell you I have lenders that will do loans with credit scores down to 560. I recommend you try and find some local mortgage Brokers and let them know your scenario. Also you say your credit score is 596, is that your middle score? Lenders will run all three scores and use the middle score. Also if you have charge offs, judgments or collections on your credit they may need to be addressed before you get your loan as well. To be specific find a broker that can do loans through Pacific Union Financial or Plaza Home mortgage, both will do loans with that as a middle score. The minimum loan amount may be 50K so you may need to do 96.5% financing with a sellers concession to make sure your loan amount is at least that. Hope this helps!

Find a local credit union, Most lenders will not be interested in such a small loan amount especially if your FICO score is low.

I would love to help you! I work with lenders that will lend to customers with credit scores below 600. I would like to take a look at your credit report to see what is bringing your score down. Also, we can possibly find ways to get your score up 4 points so that we can shop with additional lenders. Don't worry you have options, and I would love to help. I am a licensed loan officer in Cincinnati and you can call me at 559-994-2926 to discuss further.

If you like I will try to find one for you through the lender I mentioned. Email me so I can email you back their contact info. I will get back to you on Monday. Team@BestMortgageOption.com

You low credit score is going to present challenges in getting a home loan. I suggest you work on improving your credit score, then revisit a house purchase after credit scores are up over 640. www.StPaul-Mortgage.com