Middle FICO Score of 675, can I qualify for a home mortgage?

I have no idea why Tommy says you will not qualify. More information is needed about the monthly expenses and what it does include, but other than that, there is nothing in what you have stated that would disqualify you. I suggest you find a good loan officer in your state that will take the time to look at your situation without making snap judgement.

More information is needed on your expenses - but based on the info you provided I think you would qualify for an FHA loan. You may also qualify for a conventional loan but it may not be the best option for you with a 675 middle score. Your best bet is to find a good loan officer in your area. Tommy Peoples (below) might be a good place to start since he is local. Great time to think about buying - rates are about as low as you will ever see them. Good Luck.

I work with many customers with scores like yours and even lower. I cannot say for sure you could get approved without taking a look at your whole situation, but nothing jumps out at me saying you shouldn't be approved. If you would like to talk about it you can give me a call at my office, I am in GA, and do Alabama loans. Kevin Walker- 800-859-5648 x.323

Your scenario seems just right. I don't see any red flags to stop you from going forward and your down payment is good. We do loans all time with this FICO score and lower with options of FHA or conventional. I may even get you a first time home buyer grant that can save you some of your down payment. Call today so I can further discuss your options. Hope to hear from youElden Alvarez Mortgage Banker, Brand Mortgage 678.267.0277

Based on scores alone, it looks like you are eligible. Contact a local Mortgage Banker/Broker, rather than one of the big banks to get yourself pre-qualified/pre-approved. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

It does appear that you would qualify for a mortgage based on the information that you have provided. There are differences in the FHA and Conventional programs but we can check both for you to see which one would be your best option. My office is located in Daphne so we would be local for you too!! Please give me a call at your convenience. Tommy Peoples, Branch Manager, Southwest Funding. 251-421-0483