Credit score of 607- can I get approved for

[Linda PBBR]

$115k mortgage? I would like to purchase a fairly cheap townhome (only 115k). Would it be possible to get approved for a home loan (100% financing). If it is any help, even though my score is low, it's actually on a steady climb upward -from a 540 a year ago.

I've been employed at the same business for 3 years, I make decent money and this would be my first home purchase. My credit usage is down to 31% with 69% available.Will I get approved, you think?

Additional Details: I posted this yesterday but here's some add'l info-


It's not that I don't want to put anything down. I just wanted to know how likely will it be to be approved for 100%. I have only 8k set aside (my total savings) for downpayment and closing so I don't know what they will ask for each.

ALSO-. I may not be able to use FHA because I'm buying into a different state (from where I reside) and I'm not sure if the townhome community is FHA approved. Also, this is a home that I will be having built (this is a new community)