If you’d like to see which options fit your specific situation: Your (e.g., 550, 600) Your monthly income and current total debt The area or state where you're looking to buy
For veterans and active-duty service members. There is technically no minimum credit score set by the VA, though most lenders look for at least 580–620 .
💡 Even if you qualify with a low score, you will likely pay a higher interest rate. If you can wait 6–12 months to build your score into the mid-600s, you could save tens of thousands of dollars over the life of the loan. buying a house for the first time with bad credit
For rural and suburban homebuyers. These typically require a 640 score, but manual underwriting may allow for lower scores if you have "compensating factors." ⚡ Strategies to Boost Your Chances
If your credit is holding you back, use these levers to strengthen your application: If you’d like to see which options fit
Some lenders will look at your "non-traditional" credit, such as consistent rent and utility payments, rather than just your score. 🛠️ Immediate Steps to Take
The most popular choice. You can qualify with a score as low as 580 with a 3.5% down payment. If your score is between 500 and 579 , you may still qualify if you can provide a 10% down payment. If you can wait 6–12 months to build
Unlike a single bank, brokers work with dozens of lenders and know which ones specialize in "subprime" or low-credit applicants.