Buying A Home With Less Than Perfect Credit

Dated: 08/29/2019

Views: 8

Image title


Just because your credit score isn't ideal, doesn't mean you can't finance a home. Consider these options:


  • The FHA offers affordable financing to first-time buyers and others with less than a 20% down payment. Those who qualify may pay as little as 3.5% down!

  • The VA, USDA, and Navy Federal Credit Union are three government-related lenders that offer mortgages with as little as ZERO down. The VA serves veterans and family members; the USDA typically serves buyers in rural areas; and the Navy Federal Credit Union serves military personnel and their families, as well as some government employees. 

  • A parent, other relative or friend (who has good credit and is willing to take on the responsibility) can co-sign your mortgage loan.

  • Some local and state agencies sponsor assistance programs. For more information, visit websites such as DownPaymentResource.com and NeighborWorks.org.


If you're not already working with a lender, I would highly recommend calling Evangeline Scott. She's a Certified Mortgage Planner with Finance of America who can not only help you get started on a loan, but she also works with clients to repair their credit and discuss options to  help them get to a more financially secure situation.

Image title



C: (916) 496-0160

E: e@TeamScottLoans.com

Folsom Branch | 950 Glenn Dr., Ste 265, Folsom, CA 95630

Blog author image

Rachel Librach - CalDRE #02081922

I understand that buying a home can often times be one of the biggest financial decisions of a person's life. Not only can the whole process seem stressful, emotional, and time consuming, but if you a....

Latest Blog Posts

Make The Final Walkthrough A Priority

Some buyers are so busy coordinating the details of their move that they opt to skip the final walk-through. Here are some reasons why you want to prioritize this in your countdown to moving day

Read More

How To Spot The Next Hot Neighborhood

According to recent market statistics and trends, we are starting to see a lull in the real estate market across the board. This is not uncommon during the winter months as buyers and sellers tend

Read More

PGE Public Safety Power Shutoff Event

Will you be affected?Due to weather conditions in the Central and Northern California areas, PG&E has issued a Public Safety Power Shutoff event that will take place on 10/9/19 starting at 4 am. An

Read More

Thinking About Flipping A House

The availability of homes on the market is low while the demand is high, especially for first-time buyers. If you have some cash to invest, you may be considering flipping a house.Don't forget, the

Read More