Buying A Home With Less Than Perfect Credit

Dated: August 29 2019

Views: 58

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 and

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


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

Gadgets Apps Online Tools And Technology

Anything that makes buying and selling a home less stressful will continue to launch and evolve in real estate. Consumers may not use bitcoins to buy a home tomorrow, but that could be possible in

Read More

9 Ways Homeowners Can Save On Utility Costs

1. Wash full loads of dishes and clothes.2. Air-dry dishes, sheets and lightweight clothing, whenever possible3. Use timers and motion sensors to turn lights off and on.4. Lower the temperature on

Read More

Step Up Security While You Are Away

Protecting your home while you're away is key to ensuring a peaceful return from your travels. Here are a few ways to keep an eye on your house while you're out of town. 1. Purchase a timer or

Read More

5 Pitfalls Of For Sale By Owner

Selling your home is complicated enough without trying to do it yourself. Plus, there are some serious pitfalls associated with marketing your home as “For Sale by Owner.”1. Liability

Read More