first time buyer

I don't think that you can manage to get a finance on your home with such a credit score. A minimum score of 650 and above is required to get a loan to finance your house.

You are mis-informed. 620 will get you approved for an FHA mortgage.

see thats my point I've had people tell me 620, 580, 560, 530, and even 500 Its hard to get a straight answer. I don't think no one really knows See fha doesn't set a min score standard so I guess banks detemine how much of risk their willing to take.

I know it's frustrating but here is the deal.?? Most banks are at 620 and that requires 3.5% down.?? There are a couple banks left that will go down to 580 if you have 20% down.?? Too many regulations have been put on us so guidelines had to change.
I would start disputing your credit report.?? If you keep paying everything on time you could get your score up there pretty quick if you could get some of the old debt off your report.
I hope this helps.
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