My name is Phatima my credit score is 540 and I am looking at buying a 4 unit apartment complex for an investment and for my primary home. The asking price is $89k is this out of reach based on my credit score? I have been working with a Realtor who has advised me based on my credit report that after disputing some inaccuracies on the report my score would rise to 580.
Unfortunately he said I needed at least a 620 to get in the game. I make about $3000 a month and have been on my job over three years. I was told I would have to put at least 3% down on the property if my score was 620. I have money saved for a down payment but finding lending is the issue. Can you please share information with me as far as what I would need to do in order to get a loan in the near future if at all possible.