The Secret to Buying a House with Bad Credit
You might think that having a credit score in the 500s would keep you from buying a home. But that isn’t always the case.
Depending on your circumstances, you may have lending options that make it possible to overcome that bad credit barrier when buying a home. This guide will teach you how to buy a house with bad credit, and where to go to find financing that will work for you.
What Credit Score is Needed to Buy a Home?
The minimum credit score you need to buy a home will vary based on a few factors: 1. The type of mortgage you want 2. The lender you’re asking 3. Who you are
Every lender has a set minimum credit score they require to approve homebuyers for a mortgage. Some lenders will accept lower credit scores while others have stricter requirements.
Lender Credit Score Requirements
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