How to Buy a House Even With Bad Credit

If your credit score isn’t perfect, but you’d like to buy a home, here are a few steps you can take to get closer to that goal.

Many would-be homeowners fear that their dreams of buying a property won’t come true as long as their credit is less than perfect. While credit repair is certainly necessary in some cases, there are many options out there for people with credit scores as low as 580.

The first step to buying a home if you’re not confident in your credit is to find out what your FICO score is, exactly. After speaking with a lender, you may find that you already qualify. If you don’t, though, don’t get discouraged. After you determine your credit score, meet with a loan officer to analyze your credit report. This will help you figure out what steps to take next, whether it be paying down a certain line of credit or fixing any errors on your report that might be hurting your score.

Increasing your credit score is often easier than you might assume. As long as you’re working with a qualified loan officer, you’ll be on the path to homeownership in no time. Most clients who we put into credit repair programs are ready to buy within just three to six months of their first meeting with us. Done correctly, credit repair can be fast and simple.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.