is it possible to get a mortgage for inexpensive house with a credit score of 536

It would depend on if you can find a lender that has an investor who will take a score of 536. It is my experience that 600 is pretty much the minimum score.I recommend that you seek out a local mortgage loan originator to discuss this with and have them review your situation.

Much more info needed, but in reality.. NO.. But more specifically... to have a credit score as low as 536, you must have some pretty sever-negative items showing.. so the real question is, Why? Why is your score so low? BK? Short Sale? Unpaid student loans or unpaid taxes? Charge off's? Judgments?, etc.. You could have a 750 credit score, yet with one of these deficiencies, you still might be denied.. Lenders analyze over 100 different things when determining one's eligibility, with the credit scores being just one item.. That being said, credit scores are a good indicator of the credit worthiness of a borrower. and there are no lenders out there that will lend to anyone who has a proven track record of not taking credit responsibly. There might be a private lender (Hard Money) lender who might be willing to take a chance, but they will most definitely want close to 50% down, and expect the rates and fees to be very high.. If you have any desire to ever own a home, you need to get your credit fixed up first.. 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