Hello everyone I am also new and was wanting to know if I could get a mortgage loan with a credit score in the upper 500s I'm self-employed first time buyer does anyone  know if I would qualify I would rather do L/O than wholesales the wholesaling thing u need to know people u can sell to quick or if u know how long it takes to build a score thank you 

Most buyers with strong credit end up with better loan terms through the conventional program. 

My contractor told me about loans for home improvement in Cleveland.

@Kenny Szymanski  A private loan usually wouldn't show up on your credit report. 

He does not have great credit but he has 20% to put down.

Your expenses may be a bit low, but even with that, you are still buying it cheap enough, depending on the up front capital improvements

I am a big, big fan of improved, beefed up, yet lawful landlord notices. 

BTW someone willing to pay rent above market rate is a high risk renter for some reason--felonies, past evictions, bankruptcy, poor credit, no or not enough income, or way toooo many people, or history of damage, professional scammer, etc.The landlord would not even be holding the lease to evict the folks you rent to, not have their deposit for damages, or any relationship with the tenants to recover damages in court as the tenants lease is with you.  

Must have references that are positive, employer that is positive (or verifiable consistent income), 1st last and security, and complete background and credit check. 

How should this impact the HUD as far as credits to the buyer, etc?