Can you get a mortgage with a credit score of 622?

I am looking to purchase a house for about 90-100k. I’m searching for REO’s. I was turned down today by a bank. The bank lady said I needed to pay off two items on my credit report. I heard that credit unions are easier as far as loans, because some underwrite in house.

My husband and I bought an REO a year and a half ago. It was being sold by a realtor and we used a realtor, we had it inspected, got a lender, received a mortgage loan and signed all the paperwork and title.

Today someone came by our house and told us that he just bought it at a trustee auction. My husband and I are freaking out. We own the house, we used all the legitimate steps and we are funded through bank of america. Should we be worried?

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