Is it possible to get a 100% financed mortgage with a FICO score of 579?

I am looking to buy a first home. I was told you can get it 100% financed with no down payment if you have a score of 580 or better. I found out today that my median score is 579. Is one little point going to keep me from this possibility, or can they manuever a bit since it's only one point? I just wasn't sure if this was set in stone or if they have the power to work around it for one point.Is it possible to get a 100% financed mortgage with a FICO score of 579?
If your in Texas let me know, There are usually some exceptions we can get from somewhere. just make a few calls if not.





Items that can help you get the exceptions you need:





Long Rental History


Long Time on the Job





I assume your score is not great due to the lack of you paying your bills on time. Make sure you get them paid!! If you must pay something late make it your phone, cell phone, water, electric or anything else that does not report on your credit bureaus. PAY YOUR CREDIT CARDS / CAR NOTES ON TIME!!! then repull your credit in about 2-3 months you will make it over the 580 mark.





Your score changes on the 1st of every month, this is the best time to re-pull it. Then the report is usually good for at least 60 days (sometimes as long as 90 days depending on the lender) make sure that you understand what the lender requires because you will have to re-pull if you dont close in that alloted timeframe. info AT ';brown-lending'; dot com.Is it possible to get a 100% financed mortgage with a FICO score of 579?
Even now, I doubt that it is still possible for a mortgage company to finance 100% loan with a 580 credit score unless it is full documentation. With that said, 579, eventhough it is one point away it would still be denied because the cut off line is 580. Banks now a days are strict about the loans that they financed because investors are getting picky about the loans that they buy. Anyway since you have a 579 all you have to do is pay down your bills and wait three months and repull your credit. Or ask your mortgage company to talk to their credit company and ask about a way to fix your credit.
Yes, some lenders will make an exception. Another option you can consider is to find a mortgage broker who handles FHA loans. They aren't score based. They will do 97% and get you the 3% from non-profit groups out there who give money for people who can't come up with the money. (You don't have to pay it back) I am in the process of buying a home through FHA right now myself. With FHA, you get a much lower interest rate then you would with your credit score. Good Luck!