Purchasing a home can be a daunting task, and having a low credit score can make it even more challenging. Fortunately, there are several low credit score home loan options available to help you achieve your dream of homeownership.

FHA Loan. FHA loans are one of the most popular loan options for those with low credit scores, requiring a minimum credit score of 580. Borrowers with lower credit scores may still qualify but will be required to put down a higher down payment.

USDA Loan. USDA loans are a zero-down payment mortgage option for those with a minimum FICO score of 640. This loan is ideal for those looking to purchase a home in rural areas, as the loan is designed to encourage homeownership in less populated areas.

VA Loan. If you are a veteran or a surviving spouse, a VA loan may be the best option for you. VA loans are available with no down payment and offer the lowest interest rates in the market. The minimum credit score required for a VA loan ranges between 580 to 620, depending on the lender.

Freddie Mac Home Possible. First-time homebuyers may consider Freddie Mac Home Possible, a loan program that allows for as little as 3% down payment but requires a credit score of 660 or better. 

Fannie Mae HomeReady. Fannie Mae HomeReady is another great option for first-time homebuyers, with a minimum down payment of 3% and a credit score requirement of 620.

Conventional Loan. Conventional loans are available to low credit applicants with a minimum credit score of 620. These loans require a higher down payment than some of the other loan programs, but offer competitive interest rates.

Non-QM Mortgages. Non-QM mortgages are another option for those with lower credit scores, with some lenders allowing credit scores between 500 to 580. However, it is important to note that these loans often come with higher interest rates and fees. Contact us for more info.

We offer a wide range of loan programs to help you find the perfect match for your unique financial situation.

Explore our loan programs on our website and contact us to learn more about how we can assist you in achieving your dream of homeownership. Don't let a low credit score hold you back from achieving your homeownership goals.