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:

3. Who you are

1. The type of mortgage you want

2. The lender you’re asking

Certain types of home loans allow you to qualify with a lower credit score while others require a higher score.

Minimum Credit Score Needed for Different Mortgages

Adjustable-rate mortgages require a minimum score of 600

Traditional fixed-rate loans typically require a minimum score of 620

FHA loans require a minimum score of 580

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