My credit score is low 525 is lowest and 563 is highest of the 3. I want to buy a home for my family.

I always like to encourage a full credit analysis especially when working with lower credit scores. Often times you may receive feedback that you need a minimum score of 580 or 620, which I have programs for both of these scores, however the details behind the credit are also a factor. Meeting the minimum score requirement can meet a specific program guideline, however negative reporting or outstanding debts, liens, collections or judgments can offset that. If bankruptcy or foreclosure was a factor, a waiting period must also be factored in. The status of your credit needs to be stable for preferably 24 months with a detailed explanation as to the reason for the prior challenges and why they are not likely to continue in the future. The new employment should be fine with evidence that you are in the same line of work and your position/salary is improving. So overall, even though score is important and the minimum must be attained, there is more to factor in with your proven ability to show you have been paying your debts on time and as agreed. In this situation it is best to start working with a licensed loan originator to begin the process and follow the necessary steps to get from Point A to Point B.

WIth a 580 you can get an FHA loan but honestly with a your scores being that low you need to find out why and it would actually better to work on fixing your credit. Get with a Lender411 loan officer to help you with that.

Tamika: I just worked with a borrower/buyer that has a 550 score, and we increased their scores to a 670. Click on my profile to the left and then click on my email address to email me, and I'll send you the details. Thanks...Jeff

The job history isn't a problem, the very low credit scores is a whole different issue. The vast majority of lenders will require a score of 640 or higher. I'd speak with a credit repair professional first. See if you can get those scores higher. Once that process is complete, then apply for home loan financing.

No, you won't be able to get a mortgage with those scores.