If you do not know your credit store, your lender can check for you. If your credit score is too low, you can work with a THDA-certified counselor to improve your.
Whether you are a first time home buyer and are looking for home loans for people with bad credit, or have owned before but have been recently turned down, our specialists as well as many online resources can provide you the tools you need to attain your goals. Things have changed a lot, you can buy a home with bad credit now.
Financing Options for First Time Home Buyers with Bad Credit. The federal government offers several assistance programs for buying your first home. Take a minute to find out if you qualify for any of these programs. FHA Loans. If you have bad credit, then an FHA loan might be your best option. The minimum credit score to qualify for an FHA loan.
However, it is not impossible. You can buy your first home with bad credit by accessing federal and local resources and saving for a larger down payment.