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What is the lowest credit score to buy a house?

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FHA loans have the lowest credit requirements of any mortgage, often referred to as bad credit home loans. In order for the FHA to insure a mortgage loan the borrower must have at least a 500 credit score with a 10% down payment. read more

Pay down your credit balances; maxed-out credit accounts can also hurt your score. Also, check your credit report on a regular basis for errors. This is one of the easiest ways to improve your score. read more

Depending on how bad your credit is, you just need a 580 credit score to buy a house. Credit scores between 580-620 are often considered poor, but it may be enough for you to get approved. read more

In these cases, lenders rely on other criteria — reliable source of income, solid assets — to override the low credit score. If we had to name the absolute lowest credit score to buy a house, it would likely be somewhere around a 500 FICO score. read more

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