Mortgage with bad credit score but 60-70% down payment?

I am currently working on rebuilding my credit, it's at about 550. The house I currently own I bought foreclosed for $60,000 paid in full, I plan on selling it for around $110,000. Therefore, I will have about $100,000 as a down payment. I'm looking at houses around the $150,000-$170,000 range. Is it... show more I am currently working on rebuilding my credit, it's at about 550.
The house I currently own I bought foreclosed for $60,000 paid in full, I plan on selling it for around $110,000. Therefore, I will have about $100,000 as a down payment. I'm looking at houses around the $150,000-$170,000 range. Is it possible for me to get a mortgage with such a bad credit score?
What can I expect for rates? What are my options?
I've heard of private money lenders, what kind of rates can I expect from them?
Update: ...I am working on rebuilding my credit. I have one credit card balance, and I'm making monthly payments to pay it off.

I understand my credit score is poor, which is why I'm asking if there are any options with a
high down payment.
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