I have a 620 credit score- what kind of first fime buyer loan can I be approved for?

A 620 is a very weak score, and will limit your options. With that low of a score, generally an FHA loan will be your only option. Apply with your local mortgage broker to see your exact situation.

More info needed.. and to advise, we would need to see your complete loan profile.. There are lenders out there who will lend to borrowers with 620 credit scores.. (we're one of them). but the real question is "Why?".. Why is your score so low? BK, foreclosure, delinquent student loans, unpaid judgments, short sale, etc??? You could have a 750 credit score, yet with one of these deficiencies, you still might be denied.. the only real way to know for sure if you can purchase is to contact a mortgage professional and let them look at your complete loan scenario.. only then will you know.. I'm available if you would like me to look at your profile.. I'm a preferred Lender with Arizona and California being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

There are Down Payment Assistance programs for all credit types even a 620 credit score. If you or someone you know is looking for assistance in California give me a call, I'd be happy to answer your questions. 916.779.0546 / Mountain West Financial / www.Sacramento.mwfinc.com// NMLS# 1154890

I am currently doing a home purchase loan for borrowers whose qualifying mid fico score (we take the lower of the two borrowers) is 585. It is a fairly low rate excellent loan and not subprime or hard money. There are different factors entering into qualifying and credit score is maybe no. 5. So yes, we can approve you for likely an excellent mortgage loan but more is needed to determine what loans you qualify and what best works to meet your needs. We are specialists in down payment assistance as well. You can reach me via my profile, and I would be happy to speak more about it.