Credit scores can range from pretty much 400 to a little over 800. I view credit reports daily for home mortgages. Good credit would be 650+. Excellent credit 720+. Credit scores below 600 will NOT qualify for the best interest rates that are available. This is less than perfect credit and may require a subprime loan at a higher rate. Read more from:

I have been a real estate broker for awhile now and have seen people with problems like yours get together with a good mortgage officer and get those things taken care of very quickly and then go on to purchase a wonderful house with really good interest rates…the best thing to do is work with a mortgage officer in your local area… that way you can have them explain things and show you exactly what needs to be taken care of and how to do that.

You can find a lot of crafty mortgage brokers out there, but be careful! I would think that you wouldn’t get a good rate because of a low credit score.