: These are often the most accessible option. Borrowers with a score as low as 500 can qualify with a 10% down payment. If your score is 580 or higher, the down payment requirement may drop to just 3.5%.
: Some lenders, as noted by CNBC Select , look beyond just the three-digit score to examine your overall debt-to-income ratio and savings. Important Considerations i want to buy a house but have poor credit
: Non-Qualified Mortgages don't follow standard federal rules. They are designed for buyers with unique financial situations, such as recent bankruptcy or poor credit, though they often come with higher interest rates. : These are often the most accessible option
: Providing more cash upfront reduces the lender's risk and can sometimes compensate for a lower credit score. : Some lenders, as noted by CNBC Select
: If you are a veteran or active-duty service member, you may qualify with a score as low as 550 through specialized lenders like Freedom Mortgage .
: Be aware that once your mortgage is finalized, your credit score may temporarily drop by 15 to 40 points as the new debt is reported. Best Mortgage Lenders For Bad Credit in April 2026 - CNBC