u/Gullible-Note-1269

I am a first time home buyer planning to buy in the next 12 months. I’m looking at properties within the range of 500k to 600k with only the minimum down payment. My household income is around 200k.

Now the issue we have is bad credit. My credit score on equifax is around 570 and 620 in transunion. The low score is only due to credit utilization. A combined debt of roughly 150k on credit cards and line of credit.

Do you know if anyone with a similar situation/ factors been approved for mortgage?

Thanks in advance