First time home buyer with no debt ?

We really need a completed and verified credit pull and application before any of us can commit to a yes or no answer. Something is unusual about your info here though..a single negative item on your report from 7 years ago would not cause your score to be so low leading me to believe that there are other factors involved. Get with a local mortgage broker and have them go through everything with you to see what kind of loan you might qualify for. A 636 is a doable score IF everything else checks out.

Based on the information provided I should be able to get you financed to purchase a home. I am a local Maryland Bank and have loan programs that allow me to go down to a 600 credit score. To give you a full answer I would need to get a full loan application. If you have some time today give me a call at 410-878-2905 and I would be more than happy to discuss. Tony Sergi

You should be able to get approved subject to review of more details. Your score shouldn't be that low unless you not only paid off your credit cards but closed them too. I'm not certain what 99.8% credit available means other than possibly that your balances are low. To have a good score you generally need to have 2, open & active trade lines. Credit cards are fine to have, ideally you want to pay the balance off every month - so don't charge anything on them you can't pay at the end of the month. I can probably help you, please contact me at pdumouchel@primelending.com or 843.619.6025. You might also want to check out my blog: "First Steps" on this website, click on my name and it should bring you to more info.

Yes. We can help you capture an approval with rates below 4%. Without any extra fees we will also help you identify what is needed to get your score improved. Call me and I can give you more direct answers today Mark 302-449-7373

It is okay to have no debt but most lenders will want a 640 to 620 mid credit score.

It sounds like you can qualify for an FHA loan, however, to be sure you will have to get with a local loan officer to analyze your situation for the most accurate answer. Best Regards

FHA loans are available for borrowers with lower credit scores or small down payments (only 3.5%). Speak with a local lender to see what loan programs they would recommend for you. An FHA loan sounds like it might be a good fit based on your credit score.

Based on the limited information provided here, no one can give you a good answer. A 636 score is a weak score and below what most lenders want to see. Contact a local NON-Bank LICENSED loan officer in your area. Give them a full application, and let them professionally review your situation. While your score is weak, you may still qualify for an FHA loan.