If you’ve been wanting to buy a new home but your credit score is stuck at 580… You may be in luck!

Let’s explore your Options:

580 Credit Score with a 3.5% Down Payment

 There is a government program called Federal Housing Administration (FHA). This program allows person with as low as a 500 credit score to qualify to purchase a home. FHA doesn’t give loans, but they will insure lenders who loan to borrowers. In the event a borrower defaults on a loan, FHA will pay the lender for the default.

Because the mortgage is FHA-insured lenders are more willing to work with borrowers with lower credit scores, low income, or other traditionally high risk borrowers.

How do you get started, if you are interested in purchasing?

Start Here