can i get approved with a score of 550-570

Much more info needed to answer your question.. It takes much more than a credit score to obtain financing.. The real question is why? Why is your score so low? Foreclosure? Bankruptcy? Short Sale? Judgement's? Unpaid student loans or unpaid taxes? You could have a 750 credit score, yet with one of these deficiencies, you still might be denied.. with a score that low, it's obvious you have some major derogatory credit. so we would need to analyze your complete loan profile to advise you properly.. Understand that there are lenders who advertise they can lend to borrowers with scores down to 500 (FHA Only).. but the lower the score, the more strict the guidelines and few that apply actually get approved.. and if your scores are below 580, you would need 10% down to qualify.. The best advice I can give you is to 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. 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

With a hard money lender and as long as you have a minimum of 35% of the purchase price to put down, yes, you can.

Most lenders here is MO require at least a 580 mid FICO score. There are a few who lend in MO will go down to 500 mid FICO, but as stated in the previous response the guidelines are more strict.

First start by correcting some credit issues. I would suggest you contact http://www.xperiacredit.com/ to have a consultation to see if they can be of any help to improve your credit score. It is a month-to-month service, reputable and is reasonably priced. Once your credit is scrubbed, you may find that your score may increase into a range which is standard fare for a traditional FHA loan and 3.5% down payment. Once your credit has been scrubbed, find a local loan professional with a good reputation for client service. Go into their office and sit down with them to have a discussion about your current needs etc. Let them educate you on the loan process etc. All the best, Scott.

Realistically, no. No matter what you read, or someone tells you... with scores that low, stop looking for a loan, and start working on improving credit. Once you get your middle score over 620, then you can start inquiring about a home loan.