: Some lenders, as noted by CNBC Select , look beyond just the three-digit score to examine your overall debt-to-income ratio and savings. Important Considerations
: Providing more cash upfront reduces the lender's risk and can sometimes compensate for a lower credit score. i want to buy a house but have poor credit
: If you are a veteran or active-duty service member, you may qualify with a score as low as 550 through specialized lenders like Freedom Mortgage . : Some lenders, as noted by CNBC Select
: Adding a person with strong credit and steady income to your application can help you secure a loan you wouldn't qualify for alone. : Adding a person with strong credit and
: Non-Qualified Mortgages don't follow standard federal rules. They are designed for buyers with unique financial situations, such as recent bankruptcy or poor credit, though they often come with higher interest rates.
: Be aware that once your mortgage is finalized, your credit score may temporarily drop by 15 to 40 points as the new debt is reported. Best Mortgage Lenders For Bad Credit in April 2026 - CNBC
: A lower credit score generally results in higher interest rates. For example, while you can get a mortgage at 620, you typically need a score of 760 to unlock the most competitive market rates.