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But having a low or bad credit score shouldn't dash your dreams of homeownership. It is possible to get a home loan with bad credit. We'll help you understand. Can I Buy A Home With A Low Credit Score? · If you have bad credit and you're nervous that you won't be able to be approved when applying for a mortgage, don't. You should have a good down payment. You might have to suffer a higher interest rate for a few years. Once your credit improves, you could try. What Do Mortgage Lenders Consider a Bad Credit Score? · Low Credit Scores. Minimum credit score as low as · Bankruptcy. No waiting period after a Chapter 7. Alternative methods like cash offers, FHA loans with nontraditional credit or manual underwriting may be worthwhile strategies for buying a home with no credit.
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