The Secret to Buying a House with Bad Credit

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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.

Traditional fixed-rate loans

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Adjustable-rate mortgages (ARMs)

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FHA loans

FHA loans with a 10% down payment

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The Secret to Buying 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.

Traditional fixed-rate loans

Traditional fixed-rate loans typically require a minimum score of 620 to qualify

Adjustable-rate mortgages (ARMs)

Adjustable-rate mortgages (ARMs) require a minimum score of 600

FHA loans

FHA loans backed by the U.S. Federal Housing Administration require a minimum score of 580 if you make a down payment of 3.5%

FHA loans with a 10% down payment

FHA loans with a 10% down payment only have a minimum requirement of 500

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