I think you have bad credit. Banks and other financial organizations are not approving any loan with bad credit or without credit score's information. You can borrow loan from hard money lenders because they are not asking for credit score. They can make a loan with bad credit score and without credit score's information.

Yeah a bigger down payment is probably your best bet. But I might be inclined to find another broker as well.

According to me you must consult with another mortgage broker before some days government revised their credit score policy .As you have stated your credit score is not so bad so you must tell your exact situation to mortgage broker so that he can help you in proper manner.

i think you should report that person to their head or supervisor because that person is not doing his/her job. maybe a lot of people that went through him for card applications are not getting any approval or just even a feedback coming from the bank or any credit card issuer.

I actually ditched his ass. I found out he never submitted the apps to any banks.

I tried a new broker, 3 banks, three approvals.
I think I am going with CIBC Firstline. Any thoughts on them?

that's what I would ask, to find out which mortgage supplier to brokers have applied to. Having $40,000 for a down payment great idea. Ultimately creditors want job stability, home stability, and to note that you pay your bills regularly.

I would question why you have such low credit scores. And I'm sure that's what the mortgage companies are questioning as well.

I'm wondering if the subprime mortgage lenders are as available as they were before 2008 and that the credit crisis thing.

Do you know which lenders the broker has applied with so far ?

I believe you should find another broker. If you’re looking to buy a home in the $120,000 range, a 20% down payment should be enough and that also avoids mortgage insurance. Here is a link listed below that might be helpful.

http://www.invis.ca/

Would you think a $40,000 down payment sweeten the deal with the banks?

I find it ridiculous that Tran’s union keeps your hard inquiries on your file for six years and equifax only three years.