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  1. www.rocketmortgage.com › learn › how-to-buy-houseHow To Buy A House With Bad Credit | Rocket Mortgage

    Apr 5, 2024 · If you’re a first-time home buyer, FHA loans can be very attractive because of lower qualifying requirements. The minimum credit score needed to get an FHA loan through most lenders, including Rocket Mortgage®, is 580. A few lenders do offer FHA loans with a minimum score of 500, but these will require a down payment of 10%.

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  3. themortgagereports.com › 97865 › how-to-buy-a-house5 Steps To Buy A House With Bad Credit | The Mortgage Reports

    Nov 22, 2022 · According to the Federal Housing Administration, which backs the FHA program, you can get approved to buy a house with a credit score of 500 and at least 10% down. But in reality, very few lenders ...

  4. www.realtor.com › advice › financeFinding Home Loans With Bad Credit (Yes, You Can) - realtor.com

    May 19, 2022 · Increase your down payment. If you have poor credit but a lot of cash saved up, some mortgage lenders might be willing to approve you for a home loan if you make a larger down payment. “The more ...

  5. www.nerdwallet.com › buy-a-house-bad-creditHow to Buy a House With Bad Credit - NerdWallet

    Nov 4, 2021 · Purchasing a home requires having money for a down payment, a solid history of paying your bills over at least the past year or two and a steady income. You’ll also need to meet the lender’s ...

  6. homebuyer.com › learn › buy-house-with-bad-creditHow to Buy a House With Bad Credit - Homebuyer.com

    Feb 3, 2024 · 3. FHA Loans: 500 minimum credit score. FHA loans date back to 1934 and are the original “bad credit” mortgage loan. FHA loans require a minimum 500 credit score, and applicants with credit scores of 580 or higher can make a 3.5 percent down payment. The FHA even makes provisions for buyers with no credit score whatsoever.

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  7. www.bankrate.com › get-a-mortgage-with-bad-creditHow To Buy A House With Bad Credit | Bankrate

    Mar 7, 2024 · 4. Find a co-signer. If you have bad credit, consider asking a family member or friend with better credit to co-sign your mortgage. This can help give your application a boost — but only if the ...

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  9. www.zillow.com › learn › bad-credit-home-loansCan I Buy a House with Bad Credit? | Zillow

    May 17, 2017 · Very good credit = 740 to 800. Good credit =670 to 740. Fair credit = 580 to 670. Poor credit = under 580. Even if you have low credit, there are still options for buying a home. Among other qualification requirements, mortgages will have credit score requirements. The minimum credit score you'll need depends on the loan type.

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