How can you get a home loan mortgage with a median credit score of 550?We are currently renters & desperately trying to purchase our first home. Our current rental situation is a nightmare, our landlord has stopped paying his mortgage completely for over a year & a half but he never paid the mortgage in full anyway since day one. He was still collecting money from us until we stopped paying him a few months back & he was OK with it because he knew he was foreclosing & he knew we were onto his scam.We are trying to fix our credit ourselves but it's not an easy task. We have no open credit at all. We have never claimed Bankruptcy, never had a mortgage & never had a car loan. We pay for everything in cash & our utilities are always paid & current. Not having open credit is also hurting our scores.From the research I have done, we don't qualify for an FHA loan so is there another way of qualifying for a home loan?We have no family willing to or can help us in any way.We won't be able to afford anymore than a 5% down payment for the home.We have steady income.I have some medical debt from getting sick 3 years ago & ended up in the hospital twice with no medical insurance at the time that is sitting on my credit report & we both have some retail credit cards & a few other basic credit cards sitting on our report. Some of the medical is considered collections on my report. All of our cards are either closed or charged off now.My husband had a judgment on his account that was paid off 6 years ago & finally Equifax took it off the other day after I disputed it again, now I have to get on Experian & Transunion to remove it. How much can a credit score go up once a judgment is removed?This is the second time this has happened to us with a landlord foreclosing on us in 4 years!We can't trust anyone anymore & we are sick of throwing our money away renting when we rather own.June 01 2010 - Las Vegas00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.