Which loan programs are best if you have low credit scores?
Review these top low credit score home loans and contact us to get matched with the loan that meets your needs.
FHA Loan. Has the lowest credit score requirement among major home loan programs. They call for a minimum 580 credit score. However, lower scores may still qualify, given the borrower puts more money down.
USDA Loan. A popular zero-down mortgage with a minimum FICO score of 640 to qualify.
VA Loan. Veterans and their surviving spouses. enjoy no down payment loans with the lowest interest rates. Minimum credit score requirements range between 580 to 620.
Freddie Mac Home Possible. A first-time homebuyer program that allows for as little as 3% down as long as the credit score is 660 or better.
Fannie Mae HomeReady. A loan program with a 3% minimum down payment and a credit score of 620 to qualify.
Conventional Loan. These are available to low credit applicants with a minimum credit score of 620.
Non-QM Mortgages. Some non-QM lenders allow credit scores between 500 to 580. If you're having trouble coming up with a down payment, remember that there are loan programs that require as little as 3.5% down. Explore our loan programs on our website and contact us for more info.