How To Buy Your First House With Bad Credit Apr 2026

Traditional conventional loans typically require a minimum score of , but several government-backed options are specifically designed for borrowers with lower scores.

: These programs are for low-to-moderate-income buyers and can sometimes be more flexible than standard conventional loans, occasionally allowing for no score at all with certain criteria. 2. Strengthen Your "Compensating Factors" how to buy your first house with bad credit

When your credit score is low, lenders look for other signs of financial stability to reduce their risk. Buying a house with bad credit - Home loans - U.S. Bank You can qualify with a score as low

: These are the most common for "bad" credit. You can qualify with a score as low as 500 if you can provide a 10% down payment . If your score is 580 or higher , the down payment requirement drops to just 3.5% . how to buy your first house with bad credit