VA loans generally require no down payment and no private mortgage insurance (PMI).
Buying a home with "bad credit" (typically defined as a FICO score below 620) is possible through several specialized government-backed and private programs available in 2026. These programs prioritize factors like stable income and down payment size over a perfect credit history. 1. FHA Loans (Federal Housing Administration) programs for buying a home with bad credit
FHA loans are the most common path for buyers with lower credit scores because the government insures the lender against loss. VA loans generally require no down payment and
For eligible veterans, active-duty service members, and surviving spouses, VA loans offer some of the most flexible credit requirements. active-duty service members