There’s more to consider than just your credit score when you’re applying for a home. Lenders will also consider your income, investments, savings, and any collateral you may have. They’ll verify your employment and attempt to determine how likely you are to keep your current job.
For those curious what type of credit score you will need, it all depends. For the lowest mortgages available, you must have a minimum of a 760. However, there are still attractive rates between 660 and 759. The higher interest rates are below 660 and you can expect to pay up to four percent more for anything below 580.
There are plenty of loan programs for anyone with poor credit or foreclosures/bankruptcies. You should get prequalified and speak with a real estate agent to determine your options.