Get Approved for a Home Loan – Even With a Low Credit Score

Buying a House with a Bad Credit Score is Possible

If you have a fair, poor, or low credit score, you might think buying a house is out of reach. At Perry Johnson Mortgage Company, we know that your credit score doesn’t tell your whole story.

Whether you are a first-time home buyer or looking to refinance, our mortgage specialists have access to specialized lenders that accept lower FICO scores. While traditional banks might turn you away, we work with mortgage companies that deal specifically with low credit scores—giving you the best chance at a mortgage approval.

Best Mortgage Loans for Low Credit Scores

We offer a variety of home buying programs for low credit scores. Based on your income and down payment ability, we can match you with the right loan:

• FHA Loans for Low Credit Scores: Backed by the government, FHA loans are the best home loans for low credit scores. You can qualify for an FHA loan with a credit score as low as 500 (with a 10% down payment) or 580 (with just a 3.5% down payment).
• VA Home Loans for Bad Credit: If you are an eligible veteran or active-duty service member, you may qualify for a VA loan. VA loans are incredibly forgiving with past credit issues, and many of our VA loan lenders offer approvals for low FICO scores with zero down payment required.
• Low Income & First-Time Buyer Programs: We help first-time home buyers with low credit navigate specialized programs that offer down payment assistance and flexible underwriting.
• Home Refinance Options: Already own a home? We can help you secure a home refinance or second mortgage with a low credit score so you can tap into your home’s equity.

What is the Lowest Credit Score to Buy a House?

We frequently get asked, “Can I get a mortgage with a 500 credit score?” or “What is the lowest acceptable credit score for a home loan?” The answer is yes. We are a 500 credit score mortgage lender network.

• 500 to 579 Credit Score: You may qualify for an FHA mortgage with a 10% down payment.
• 580 to 620 Credit Score: You open the door to 3.5% down FHA loans and competitive VA loan options.
• Non-QM and Bank Statement Loans: If your credit score is too low for traditional mortgages but you have high income or solid assets, we have alternative financing options available.

Why Perry Johnson is the Best Mortgage Lender for Low Credit Scores

Finding mortgage lenders that work with low credit scores can be exhausting. Let us do the heavy lifting for you.

Low Overhead, Lower Fees: We operate efficiently to pass savings on to you, ensuring you get the best mortgage rates for low credit scores possible.

Greater Product Availability: Because we are a mortgage broker, we aren’t limited to one set of strict rules. We shop your loan to find banks that approve mortgages with low credit scores.

Expert Guidance: We don’t just hand you a denial. If your credit score is currently too low for mortgage approval, we will explain exactly what you need to do to cross the finish line.

Frequently Asked Questions

My credit score is poor, can I get a mortgage? Yes! While a “poor” credit score (typically under 580) makes traditional conventional loans difficult, FHA and VA loans are specifically designed to help borrowers in your situation.

Can I get a low credit score no down payment mortgage? If you qualify for a VA loan, you can potentially secure a home with a low credit score and $0 down. For non-veterans, FHA loans require a minimum of 3.5% or 10% down depending on your exact FICO score.

Are there higher interest rates for low credit scores? Generally, lower credit scores come with slightly higher interest rates to offset the lender’s risk. However, by using Perry Johnson Mortgage to shop multiple lenders, we ensure you get the most competitive rate available for your profile.