Looking to buy in Wisconsin, my score is 615 and my wife's is 640.

Some lenders will go down to a 580 FICO, however, more importantly will be what the deragatories are on your credit report. Are there collections, lates, judgements, etc...I would contact a local lender and review what is needed to qualify.

We are able to consider financing a home down to a 580 middle credit score. Please contact me if you would like to discuss your situation further. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer NMLS# 557211, Licensed in the state of Wisconsin262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.comwww.MyProspectMortgage.com/mfritsche

You should be able to find 580. out there

Certainly some options for you to become a new home owner.You should call and obtain a pre-approval. That way you are confident your financing will be approved and you will also know what price range to begin your search.Sounds like your credit scores are moving in the right direction, I would be willing to review your report and advise. Call me in Green Bay at (920) 391 - 4234 Sean W.

We offer FHA financing down to a 580 score with a 3.5% downpayment and FHA financing down to 560 with a 10% downpayment. Certain parameters on sufficient credit must be met as well as standard FHA guidelines. All judgments must be satisfied and 2 years from a bankruptcy chapter 7 discharge is required and 3 years from the last activity date on a foreclosure is required. I am a local lender in Appleton, WI and I have been originating loans for over 12 years. Please call me to discuss the specifics and I can look at getting you pre-approved. You can reach me anytime at 920-277-3595. Thank you for your consideration. Branch Manager, Sierra Pacific Mortgage: Joshua Wachowiak NMLS#248425

In theory, a few lenders will allow your low 615 score. Her 640 score is really the lowest most lenders want to see. I suggest working on repairing your credit first, then applying for a loan. If you can get your score over 640, your open the door for many more options and better interest rates. www.WI-MortgageBroker.com

The best answer is that this does not eliminate you from consideration, but makes it difficult. You need a Loan Officer to look at your entire situation and this will require a full loan application. There are multiple options available based on the information you gave that I would be looking for once I had a full application. These include: (1) it may be possible to qualify your wife without you on the loan (2) Your 615 may be acceptable based on the details of your credit report (3) There may be a way to get your score up by some simple actions on your current trade lines (4) Your credit score of 615 didn't happen overnight and it may not be possible to bring it up overnight - you may need to set an action plan in place that will take more time to be mortgage ready. Best of luck to you. Remember - this is not an easy answer and requires you to have an experienced loan officer do a full analysis - Reach out to a Realtor you trust for a good referral!!!!

It takes more than a credit score to get a mortgage, ... most lenders require 640 or above, and a select few will go lower... however those that do go lower have some pretty strict guidelines, and few people qualify.. The real question is "Why?".. Why is your score so low.. Unless you let a mortgage professional review your complete scenario, it's anyone's guess to see if you can get approved.. 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