Your credit score is certainly important, but a low score doesn’t have to keep you from realizing your dream of home ownership. There are not a lot of mortgage lenders that offer loans to people with a credit score below 580. However, there are some non-prime mortgage lenders who offer loans to borrowers with credit scores all the way down to a 500.
The loan requirements of these lenders vary. If you let us know what your situation is, such as credit, employment, and desired mortgage, we will do our best to match you with a lender you qualify with.
The top 4 non-prime lenders that provide options for borrowers with a credit score between 500-579 are featured below:
4.) Athas Capital
Our recommendation to people with a credit score between 500-579 is to work on improving your credit, since as soon as you reach a 580 credit score, your options open up greatly. In fact, with a 580 credit score, you may be eligible for an FHA home loan with only a 3.5% down payment.