But a mortgage specialist is the best person to speak with. When you're informed of how much you can realistically purchase, then you can reach out to a Realtor to start your search.
And you're on the right track. This really is the best time to purchase with interest rates AND home prices as low as they are! Best of Luck!
A credit score is 1 of the factors that lenders take into account in the process of pre-qualifying a buyer.
Income/debt ratios, your down payment % , any gifted monies , employment term are some of the other few factors.
There are some lenders who prequalify on a sliding scale ie. the mortgage interest rate they offer is based on the overall risk factor you may or may not present .
Some lenders don't work on a sliding scale.
If your credit score is less than 700 , I recommend you work with a Mortgage BROKER, as brokers can offer you different lenders & match you up with one best suited to your financing needs.
Also, shop around in regards to brokers , as each one has different lenders that they affiliate with.
After trying this option, if you discover that you are not pre-approved, try a co-signor .
HTH ......As a disclaimer, I am not a mortgage specialist, but with stringent lending requirements, a realtor has to assist their buyers with looking at different options and not be disappointed with just trying the 1st one available.
On the other hand, some people don't have a credit score due to they don't borrow money and have paid cash for everything. If this is the case, you can get an underwriter to manually underwrite your loan for you as well. Hope this helps