I Want to buy a house, but have bad credit

You need to contact a local mortgage broker and let them run your credit.. the credit scores you get from the free sites are not the same scores your broker will get since they use an entirely different scoring model... besides, your score impact for a credit inquiry will be minimal.. but unless the lender can see your complete profile and accurate credit score, he's not going to be able to help you.. You're going to need to some credit repair, but a good broker will give you direction on how to improve your scores to make it above the minimums.. 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

If you want professional assistance, go to a professional. Let them pull your credit. There are over a dozen different credit score models and the one you get on your own will be worthless to a Mortgage Lender. Applying for a loan and having your credit pulled WILL NOT hurt your score, unless you are applying with dozens of potential lenders. Even then the points lost are nominal. NOVA Home Loans has a credit department that can help get your score up. They have helped me add over 100 points in days to some borrower's scores. We have offices in Denver 720-279-5900 and Colorado Springs 719-884-5500. Tell them Bert Carpenter from the Chandler AZ office referred you to them.www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Based on the limited information presented here, you are really not ready to buy a home. Spend some time improving your credit and try again in the future. Good credit, and a proven ability to pay your obligations in a timely fashion allows a lender to take the risk on you.

It's going to be tough with the 580ish score. Are either of you a Veteran?

It will hurt your scores more, unless you check out your scores yourself. You can do that at www.myfico.com without hurting your scores. Get your 3 scores and provide them to the Lenders, and tell them they're not allowed to pull your credit. They must use the 3 scores you provide them to pre-qualify you for a loan.I'd start with Prime Lending, headquartered in Texas, because they don't have any Investor Overlays. If anybody can do it, they do it.Good luck with it, John.

There may be some options for you to consider, but I agree with the first post that you need a lender to review the credit history and scores. Although www.myfico will give you scores, the models are different. We can consider looking at a CHFA (Colorado Housing and Finance Authority), they allow scores down to 580. We have another investor that will allow that low as well. There will be hoops to jump through and the collections could cause some issues, but your best option is to let a lender review your situation and offer their advice. Feel free to give me a call this week if you would like to discuss.Allen 720-203-9871

if YOU got your credit scores form a online ,internet site, they are usually lower , because if you look at the fine print, a lot of these sites that are free, are usually a credti repair company.. If you want, you can reach me at 602 330 1598 or if you have a copy of your credit report , you can email to me at yourloanpartnerforlife@live.com and if you need your credit restoed, i refer to a national credit company that will work very fast, with low costs to you to clean your report... linda

Hello. I would like to speak to you regardong your interest in getting a home. I have several banks that help customers who have had past credit issues and are suffering from lower credit scores. Obviously it depends what os on your credit right now, but a 580 score is not an automatic disqualifier for a loan. Give me a call and we can discuss it further.Mike 303-596-0261

Most lenders will want a 640 score if going Government via FHA,USDA, --VA will go down to 620 with most lenders. Anything non-medical will have to paid usually with my lenders

I would speak to a mortgage broker that covers CO and not a bank.

Good morningI am a CO lender and would be more than happy to help youWith a 580 FICO score, you will not be able to buy a home now, however, we can work together to improve your scores and do it as quickly as possible in order to reach the required 620 score (640 is optimal but we have a program at 620)Please give me a call today or shoot me an email where I can reach youThanksKim720-353-4578kclancy@firstcal.net

Lots of information already provided. The 580 middle score is the biggest challenge but there are very few lenders that will be able to help you if your middle scores are less than 620. A good lender will be able to check your credit and give you advice on what steps you can take to improve your credit, or you may need to pay some recent collections off, pay down credit cards, and/or establish some new credit. Good luck!

Hello, as the others mentioned you wouldn't like your interest rate.Where did you get your credit scores from? Online sites like Credit Karma & Credit Sesame, don't accurately reflect your credit scores. In other words your scores most probably will differ on an actual mortgage credit report. I offer Credit Restoration services. Please look at my profile for more information. Thank you;