In order to qualify for most mortgage programs you need to have a middle credit score between 620 and 640. We have investors that will accept scores down to 600. If you have scores in this range the requirements for home mortgages are stringent.
On of the easiest ways to build a credit history is through the use of "Secured Credit Cards". A secured credit card is a Mastercard or Visa card account that is opened using your own money as the security for the credit limit on the card. You must have (2) open credit accounts, with a 12 month history for each account, to have these accounts count towards the credit score.
MANAGING MY NEW CREDIT ACCOUNTS