A couple of my teacher friend are house shopping. They found a few will lend with a 580 score but are there any lenders that specialize in cheap (foreclosed or short sale) homes for people with really low FICOs but secure income?
Here are some. No idea if the are still aggressively lending.
I know quite quite a few lenders and it’s interesting how many people with mediocre credit think sub-prime is the only option. Regular lenders will often make an effort if you can demonstrate you’ve mended your ways.