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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 97
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21 Dos and Don’ts When Buying a Home

HomeLight

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5% Additionally, you may qualify for a conventional loan with as little as 3% down.