Low Credit score and Buying a house?

The general payment pattern that lenders are looking for when determining eligiblilty for loans is 24 months. You need to have accounts that have been open that long with exemplary pay patterns; no late payments 30 days or more. Until your score is back above 600, it is likely in the current banking atmosphere that you would not be able to finance a home immediately. Be patient and continue to build that new positive credit history.