Buying a home with bad credit (typically defined by lenders as a FICO score below 620) is challenging but achievable through strategic planning and specialized loan programs. Success often requires a combination of leveraging government-backed financing, offering stronger "compensating factors" to lenders, or pursuing non-traditional paths like seller financing. 1. Leverage Government-Backed Mortgage Programs
The most common route for low-credit buyers is through federal programs designed with more flexible eligibility requirements. How to Buy a House With Bad Credit - Experian ways to buy a house with bad credit