: These are often the most accessible option. Borrowers with a score as low as 500 can qualify with a 10% down payment. If your score is 580 or higher, the down payment requirement may drop to just 3.5%.
: Non-Qualified Mortgages don't follow standard federal rules. They are designed for buyers with unique financial situations, such as recent bankruptcy or poor credit, though they often come with higher interest rates.
: Be aware that once your mortgage is finalized, your credit score may temporarily drop by 15 to 40 points as the new debt is reported. Best Mortgage Lenders For Bad Credit in April 2026 - CNBC i want to buy a house but have poor credit
: A lower credit score generally results in higher interest rates. For example, while you can get a mortgage at 620, you typically need a score of 760 to unlock the most competitive market rates.
: Adding a person with strong credit and steady income to your application can help you secure a loan you wouldn't qualify for alone. : These are often the most accessible option
: Some lenders, as noted by CNBC Select , look beyond just the three-digit score to examine your overall debt-to-income ratio and savings. Important Considerations
: Aimed at rural and suburban buyers with low-to-moderate incomes, these may offer flexible credit requirements, though specific location and income limits apply. Strategies to Improve Approval Odds Best Mortgage Lenders For Bad Credit in April
: Providing more cash upfront reduces the lender's risk and can sometimes compensate for a lower credit score.