Can I qualify for a mortgage with a credit score of 594?
Qualifying for a mortgage involves much more than just your credit score, so the answer is "possibly". Conforming loans require at least 620 credit scores, but FHA/VA will accept scores into the 500's. Lenders often put additional score restrictions in place, some might require 620 or 640's for government loans. Also, if you work with a knowledgeable lender, he should be able to give you advice on raising your scores. It's also important to address whether the derogatory factors that lowered your scores will impact your loan approval (are there judgments, repossessions, large charge offs?). Bottom line, you want to have an expert review your credit, and the rest of your qualifications, not just your score. Hope that helps, I write loans nationally, Ted | 08.08.16 @ 18:38