You might qualify for an FHA loan. A good loan officer can get you financed. I suggest Hometown Banc Corp. My mom used them. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don閳ユ獩 simply 閳ユ竾orget to call you back.閳? They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at www.totaldebtsolutionsllc.com and a Hometown loan officer will contact you .
My credit score is considered fair....How hard is going to be to get a home loan?
If it is only fair, then difficult, especially now. You will have a subprime loan--and you know what that means.
IF you can put down a substantial percentage, preferably 20%, that could make a loan happen, though it won%26#039;t be the best rate if your score is only fair.
If you%26#039;re thinking of buying something now, you should definitely get pre-qualified, even pre-approved, before shopping around as the lending market is not favorable for fair credit.