You can qualify with a score between 500 and 579 if you can provide a 10% down payment .
Lenders often accept non-traditional credit histories, such as consistent rent or utility payments, if you lack a standard credit score.
FHA loans are the most common path for buyers with lower credit scores because the government insures the lender against loss. programs for buying a home with bad credit
Lenders may approve scores as low as 550 if you have strong "compensating factors" like high residual income or significant cash reserves. Home Loans For Bad Credit: Know Your Options - Chase Bank
VA loans generally require no down payment and no private mortgage insurance (PMI). You can qualify with a score between 500
For eligible veterans, active-duty service members, and surviving spouses, VA loans offer some of the most flexible credit requirements.
If your score is at least 580, you may qualify for the minimum down payment of just 3.5% . Lenders may approve scores as low as 550
Buying a home with "bad credit" (typically defined as a FICO score below 620) is possible through several specialized government-backed and private programs available in 2026. These programs prioritize factors like stable income and down payment size over a perfect credit history. 1. FHA Loans (Federal Housing Administration)
