Me and my fiance’s credit is just under 600, and I’m working on cleaning it up. I’ve just paid off 5 creditors. But it won’t effect our score for another couple of months. However, we need a home now. His work record is excellent and has worked at the same company for 15 years.
Any suggestion?
Also we are having a hard time finding an apartment that will be big enough for our big family, 4 children.

There used to be prior to two years ago. It used to be that anyone who wanted a home loan got one – period. This is also partly due to the reason the housing industry has ended up where it is. You’re best option is to try for a FHA loan and if you cannot qualify that way, try a major mortgage company from those who are left.
I agree with Troz. An FHA insured mortgage is going to be your best bet. The FHA or Federal Housing Authority, is here to insure any “higher risk loans” like the credit you were speaking of. Most lenders require a 620 credit score or higher, however there are some out there that will go lower than 580. As far as your time line goes, FHA loans can take a bit of time with lower fico scores. One of the things they will take into consideration is what caused the lower scores. If you have any recent derogatory items, it may be harder to get. If in the past 2 years you have had quite a few missed payments you will need “extenuating circumstances” which basically means something happened at hat point in time that couldn’t be helped such as hospitalization, ect. Good luck!
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