How to Purchase a House with Bad Credit
You might think that having a credit score in the 500s would keep you from buying a home. But that isn’t always the case.
Depending on your circumstances, you may have lending options that make it possible to overcome that bad credit barrier when buying a home.
The minimum credit score you need to buy a home will vary based on a few factors:
1. The type of mortgage you want
2. The lender you’re asking
3. Who you are
Certain types of home loans allow you to qualify with a lower credit score while others require a higher score.
Every lender has a set minimum credit score they require to approve homebuyers for a mortgage.
Some lenders will accept lower credit scores while others have stricter requirements.
So, What's The Secret to Buying a House With Bad Credit?
No matter what your circumstances are,
there is one surefire way
to find all the opportunities available to you to buy a house with bad credit.
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