What is the lowest credit score you can purchase 1st time?

Teresa,It is not a "set" score as FHA can go down to a 500 score...but it depends on all the elements of you as a borrower, your credit, income AND assets. I'd rather work with you to get your scores up than settling for a bad loan. Call me (Jack) at 256-749-7948. Good luck

FHA will allow scores down to 500 offering 90% financing (10% down), but will go up to 96.5% financing with 580+ scores. USDA will allow scores to 580+ and offer 100% financing. Conventional programs require 620+ scores and offer 97% financing. Hope this helps. If you have any questions, please feel free to contact me anytime (251-609-3770).