learn how with this6-Step Guide for Buying a Home With Bad Credit
1
Get Your Free Credit Report
The last thing you want is your credit score to be misreported.
You can get a copy of your credit report for free every year. Review all of the information provided.
Go talk to a Department of Housing and Urban Development (HUD)-approved housing counselor.
They’ll get to know you and your situation, so they’ll be able to find local options that suit you.
Federal Housing Administration (FHA) loans are the best option for someone with poor credit. The loan won’t come directly from the FHA but through an approved, private lender.
Keep 3 main goals in mind as you move forward in your house-hunting journey: save up for a down payment, track your credit, and work with a professional.