580 fico, purchase, AZ, max mtg amount, 3.5% down. Anyone??? thx

There are lenders that I work with that will go down to 580, however the real question is why is your score 580... Bankruptcy, foreclosure, recent collections, currently delinquent obligations, all can be factors that will prohibit your approval. The lenders that do 580 borrowers have some pretty strict guidelines, but if you meet them, you will get approved... I have worked with borrowers in the past with low scores and within the time it took them to find a home, we were able to get the score improved to 620 plus, giving them more financing options... The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet 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. 480-287-5714 WilliamAcres.com

I would have to answer your question with a question. Why the 580 score? If you have a recent bankruptcy or foreclosure that could greatly affect your chances. On a good note, it may be worth reviewing your credit to see if your score can be improved. Food for thought.

first , what is your loan size???