Out of the seven (7) major lenders only one (1) is offering loans with a credit score below 600.  Most require a credit score of 620 and one (1) has increased their credit score approval to 640.  Unfortunately for the consumer if one does it they all soon follow suit.

The current low interest rates are great and should be taken advantage of and buy now; however if your credit score does not meet the loan requirements this is a mute opportunity.

 If you haven't met with your loan officer recently, I suggest you contact them or your REALTOR® as soon as possible.