What should I do to get a house loan?

Obviously, I would need much more info to say for sure.. but based on what you are saying, you should be ok.. FHA is perfect for first time home buyers.. and even though you only have 2 credit references, it will be enough for most FHA lenders.. Conventional on the other hand might be an issue since most lenders want to see a minimum of 3 to 4 tradelines and one must have been opened at least 12 months ago.. and some lenders might even require you to have a minimum of $5000 credit line to approve you.. But FHA on the other hand is a heavily insured loan product, so lenders will take greater risks .. So if you really want to know for sure, then I suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly, and it shouldn't take more than 10 minutes. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and 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 NMLS# 226347

Hi Lyndsey, With that credit score you have over come the first part. Next is to determine your debt to income, including the new home your total debt should be 42% or less than your total income. Sometimes you can exceed that number but you don't ever want to be house poor! The next issue is how much money you have for your down payment and closing cost, that plays a factor in what type loan your looking at. The next item is how much is your new house payment compared to your current rent etc. I have been help "starter" for years! Let me know if I can help you.StanStanley LindseyRegional VPNMLS 203006lindseys@ffbf.com

Lindsey,it is very difficult to determine what & how much you qualify for without looking at the big picture. There are a couple of 100% financing programs & also a new fannie mae program that you may qualify for.I am located in Murfreesboro, TN & would be happy to look at your situation.Give my office a call if you want to discuss further. 615-867-3060

Lyndsey, please give me a call. I'll be happy to help you. 423-946-5688. We have some options with out minimum trade line requirements.

Also, I'm in Johnson City, TN so I'm close by.

You should be fine, I recommend that you seek out a local mortgage loan originator and sit down and discuss your interest in purchasing a home.