: Designed for rural and some suburban areas, these also have no official minimum score, though lenders usually prefer at least 640 .

Traditional conventional loans typically require a minimum score of , but several government-backed options are specifically designed for borrowers with lower scores.

When your credit score is low, lenders look for other signs of financial stability to reduce their risk. Buying a house with bad credit - Home loans - U.S. Bank

: These are the most common for "bad" credit. You can qualify with a score as low as 500 if you can provide a 10% down payment . If your score is 580 or higher , the down payment requirement drops to just 3.5% .

: Available to veterans and service members, these often have no minimum credit score requirement from the government, though individual lenders (like Rocket Mortgage or U.S. Bank ) may set their own minimums, often around 580–620.

: These programs are for low-to-moderate-income buyers and can sometimes be more flexible than standard conventional loans, occasionally allowing for no score at all with certain criteria. 2. Strengthen Your "Compensating Factors"

Buying your first home with bad credit is possible, though it often requires more preparation and specific loan programs designed for lower credit scores. Success typically involves finding the right government-backed loan, maximizing other financial factors like your down payment, or taking short-term steps to boost your score before applying. 1. Identify Accessible Loan Programs