578 credit score + 66,500 gross income + no late payments on rent or utilities in 2 yrs.

The real question is why after two years of on-time payments your score is still so low. Meet with a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories to find out why and to develop a plan to improve your score and become loan ready. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

JEFF, is your credit report from a online credit agency? like a free one?? A lot of those will score you lower, if you look at the small print on the bottom of the website, a lot of them are credit repair companies, so you will be getting a call to help clean up your credit, not all of them do this but , they are out there.. you can email me at yourloanpartnerforliffe@live.com , and i can work with you linda or phone me at 602-330-1598

If your FICO mid-score is 578, then you need to work with a mortgage banker who can take a good look at why your score is that low. Follow their guidance on how to improve your credit score to at least a 640 where you will benefit the most with an FHA Insured home loan and/or a 660 for an USDA guaranteed home loan. A good mortgage banker is like having a great financial coach on your side. They are as motivated as you are on your home buying success.

Jeff the best answer is you do not qualify with a 578 score. Without looking at your credit I can not tell you why you are so low, but I can guess it is your balances need to be reduced on your revolving debt If you have not had a late in 2 years and you have not had any major derogatory information like bankruptcy or foreclosure Then being maxed out on your credit cards will really lower your credit score Some lenders require a minimum score of 620 to 640 to do an FHA loan I believe you may not be far from their if you begin to manage your score

I can help you