People also ask


  • How can I buy a house with a 550 credit score?

  • Look into an FHA Loan. Ask lenders if they originate loans insured by the Federal Housing Administration. FHA-backed loans are available to any borrower with a credit score of at least 500. If your score is 550, you can apply for an FHA loan that requires a down payment of 10 percent of your home’s purchase price.

  • What credit score do you need to buy a house?

  • Ask lenders if they originate loans insured by the Federal Housing Administration. FHA-backed loans are available to any borrower with a credit score of at least 500. If your score is 550, you can apply for an FHA loan that requires a down payment of 10 percent of your home’s purchase price.

  • Can I rent an apartment with a 500 credit score?

  • It might take a little more work to rent an apartment with a 500 credit score or a bad credit history, but you’re not out of options. Use some of the suggestions above to find an apartment that meets your needs, even with a poor credit score. Then work on rebuilding your credit so you can lease an apartment easily in the future.

  • What is the lowest credit score to get a mortgage?

  • For instance, 78% of consumers with a credit score of 550 (or lower) were approved for an FHA insured mortgage loan ?while only 2% of these same consumers were approved for a private bank mortgage. Source: The survey included 600 Homeowners with credit scores of 650 and below.