How do get home loan(100% financing) with poor credit 560 fico score???

i have a really excellent job history, and excellent credit for the past four years, but before that a couple of auto repos and a couple of charged off credit cards, but each tells me that you have to have above 580 credit score to get a 100% loan.
i have a really excellent job history,good income and very good credit for the past 4 years, but before that a couple of automobile repos and a few charged off credit cards, but each tells me that you have to have above 580 credit score to get a 100% loan

Answer by lori H
with a lot of funds to put down.

Answer by GO AHEAD
It is GOING TO BE Hard TO DO, Try A OWNER FINANCE, HOW EVER THEY WILL PROBLEY Still WANT One thing UP FRONT

Answer by Curiousty27
Either it will be extremely challenging or you will have a really high interest rate – trust me there is a huge distinction between something like 6% and 11%. Nonetheless, a lot of mortgage organizations focus on your history from 2 years ago or 2004 onward. Have you been paying your bills on time because, then you could get an exception but I would be positive you function with somebody who’s truly great and not tell you that your credit score is bad – I hate when they do that. Keep asking about about good mortgage brokers/bankers. Trust me I did that and I was able to minimize my payments by $ 320! Or keep paying bills on time for an additional three – 6 months that really should support too! Also inquire about an 80/20 financing with no down pymnt – interest rates are generally a little lower.

Excellent Luck!

Answer by kevingeorgecampbell
A 580 fico score is the minimum needed for an 80/20 or 100% financing.
The excellent news is that you can fix your score. If you look at your credit closely there is either something wrong or some thing that can be fixed.
A great mortgage banker can do what is referred to as a “rapid rescore” and correct and/or adjust your score in about two weeks. Email me if you need to have a lot more assist.