What home loans can you get with bad credit?

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There are different options available to qualify for a home loan even if your credit score is low. Here's our list:

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1. FHA (Federal Housing Administration) loans help home buyers secure mortgages even if their credit isn't great.

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Potential home buyers can qualify for an FHA loan even with a credit score as low as 580.

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2. VA loans issued by the Department of Veterans Affairs are available to active-duty military members and veterans.

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All you need is a credit score of 620 or higher to qualify for a Department of Veterans Affairs loan.

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3. USDA loans, from the US Department of Agriculture, are for lower-income borrowers to buy homes in rural areas.

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If you need a USDA loan under this program, all you need is a credit score of 640 or above to qualify.

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4. Fannie Mae HomeReady loans are for low-income borrowers. You'll need a credit score of 620 or above to qualify.

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5. Freddie Mac Home Possible loans are accessible to first-time home buyers with moderate incomes.

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