Would it be better to go through banks, credit unions or other lenders that mortgage brokers might suggest? What are reasonable and competitive mortgage rates? 6.25% is reliable for a first offer or I definitely looking for?

I have been finishing making a short sale in my home for approximately 2 months. I want to buy another home due to the distributions in the market. How long I need to hope and are mortgage companies that are arranged to work with the individuals in my situation? My account of credit fell to 550. I have $15,000 to put in the ground and i ‘ m that watches the characteristic in range $100.000-$150.000. Any advice would be great.