If my credit score is 590, can i still get a loan?

My company is able to go down as low at 580 with 3.5% down. There are still other guidelines but those are easy enough to take a look at with an email or phone call (502.414.1684) - Brian Phillips @ ENG Lending

We can go to 500 on FHA with 10% equity on a refinance or purchase. My number is 502-671-3468. Thanks.

More info needed, but the short answer is yes.. there are lenders who will lend down to 590.. some even lower, but in all reality.. with a score that low, it's obvious you have some major derogatory issues.. certain derogatory events have mandatory waiting periods.. Foreclosure, BK, short sale, etc.. the waiting period guidelines range from 1 to 3 years.. but if you have a judgment, unpaid student loans, or unpaid taxes.. it's possible you wont qualify until you deal with those issues.. Also understand that the lower the score the more strict the guidelines and few that apply actually get approved.. if you are serious about wanting to buy a home, then I suggest you contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Yes and no. Technically yes, you can get a loan with a 590 score. But score alone doesn't equal an approval. But once you fall below the 640 threshold, it becomes harder and harder to get financing. Better advice, if possible, is work on your score - then apply for a home loan. For 590 score loans in MN, WI, and SD, visit me at www.MortgagesUnlimited.biz