At Homy Loans, we're committed to offering a wide range of mortgage options! A lower credit score doesn't automatically prevent you from owning a home— there are programs designed to help you achieve your homeownership dreams.
At Homy Loans, we believe low credit scores should not automatically prevent you from achieving homeownership. We are committed to offering a robust product lineup flexible loan options for buyers who are credit challenged, ensuring you have an empowered journey your way.
While a low score can make conventional financing difficult, several government-backed programs are designed specifically to help borrowers with less-than-perfect credit.
Best For: Buyers with low credit scores and minimal cash for a down payment.
Minimum FICO score of 580 (with 3.5% down). Allows seller-paid closing costs up to 6%.
Best For: Eligible active duty military, veterans, and surviving spouses.
No set minimum credit score. No cash down requirement. Offers 100% financing with no Private Mortgage Insurance (PMI).
Best For: Low-to-moderate income buyers purchasing in USDA-approved rural areas.
Minimum credit score of 600 needed to qualify. 100% financing available ($0 money down).
While we can find a loan solution for you today, improving your credit will always give you better terms in the future. Building credit takes time and patience, but these tips can help you manage your credit best:
Keep credit card balances below 30% to boost your score.
Consolidate high-interest debts; consider Cash Out Refinance.
Check credit reports yearly and dispute errors quickly.
Hi, It's me Homy. You can ask me questions at any time and I am happy to help.
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We believe in a human powered mortgage process. Our dedicated loan officers are good people committed to guiding you every step of the way, helping you achieve your homeownership goals.
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