Buying Your First Home With Bad Credit -

For homes in qualifying rural or suburban areas, the United States Department of Agriculture offers zero-down-payment loans for low-to-moderate-income buyers, typically requiring a score of at least 640.

If you are a veteran or active-duty service member, Veterans United and other VA-approved lenders offer loans with no down payment and no set minimum credit score, though most lenders prefer at least a 580–620. buying your first home with bad credit

Lenders evaluate more than just your score. You can offset "bad credit" by improving other financial metrics: Buying a house with bad credit - Home loans - U.S. Bank For homes in qualifying rural or suburban areas,

Backed by the Federal Housing Administration, these are the most common choice for buyers with credit issues. You can offset "bad credit" by improving other

You can qualify with a down payment as low as 3.5% .

You may still be eligible but will typically need a 10% down payment .