My fiance has a credit score of 663 and mine is 615, can we get approved for a home loan?

You want to try and get your credit score up a little higher because "most" Lenders will get you in a program starting at 620. There are others that have lower criteria but that means either a higher rate or points upfront. If I were you I would look into an FHA loan. If you qualify that program allows you to put only 3.5% down. There are even some variations of the FHA program that allow you to make changes to the home, like a construction loan, except you still only put 3.5% down and the costs of construction is included in the mortgage so its just one loan one payment.

Most lenders are going to require a minimum credit score of 620 for both borrowers, and some lenders will require a minimum credit score of 640 for both borrowers. Lenders look at the middle credit score of the three credit bureaus. Depending on how you obtained your credit score, you may not have the correct score. Often borrowers get there score from one of the credit bureaus directly and they may not get an accurate mortgage credit score. This is why it is probably best to work with a seasoned mortgage professional who can look at all three scores and provide guidance to you as to how to lift up your scores and/or correct inaccuracies on the reports. Our company can provide those services free of charge to you. We offer a full line of mortgage products including FHA, VA, USDA and conventional loans. 888-407-1592

There's more to getting approved than just a credit score.. as you can see by the other posts, there are lenders out there that will go down to 600 and some as low as 580, but the guidelines become more and more strict... so the advice is good... get your score up to 640 plus.. The real question is "why" Why is your score so low.. unpaid collections, judgments, tax liens, BK, delinquent obligations, high credit card balances?? You could have a 700 credit score and an unpaid judgment, and not get approved. The lender needs to see your complete profile to advise you corrrectly, not just a credit score.. so the best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders, and let them look at your credit and advise you on how to get approved...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

To get access to the best programs, you both need to have credit scores at or above 640. Yes, there are programs available with lower scores, but they come with increases in rates or fees. What you need to do is contact a local Mortgage Banker/Broker to start the process. He/She will be able to help you develop a plan to get your scores up. He/She will also help you in your pre-qualification so you will be loan ready when you start to shop, plus he/she will have information about the various different plans for first time buyers in your area. Don't start with the big banks or national mortgage factories. It is doubtful they will be willing to take the time to help you get ready, instead they are likely to just tell you NO. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

We can go down to 600 score on a FHA loan. The other option it just have you fiance get the loan in is name if he make enough income.

We can go down to 600 on FHA loan. It would require you to bring 3.5% for down payment.

Although you might find a lender who can go as low as 620 or 600 mid-FICO score, you would be best advised to get your credit score up to 640 mid-FICO score for you. Otherwise, your loan submission will be under greater scrutiny as a lender will have to make multiple exceptions to approve and fund your loan. As a Certified FICO Professional, I would be open to reviewing your credit to see how you could improve the score in the shortest period of time. Good luck and look forward to hearing from you soon.

I agree with the others that getting your credit score up would be a priority but at the same time I would imagine that you are anxious to buy. One thing to consider is your fiance being the only one on the loan. If you went this route you would not be able to use your income so your fiance would need to qualify on their own. If this was an option then you would be able to get a better interest rate then some of the programs for below 620 scores.Good Luck

Need more info to give a proper answer, other than what was already stated