If you think that buying a house with bad credit is impossible, we have good news! It may be more complex, but it can be done!
But before you go house hunting, it's essential that you review your financial situation. Homeownership involves unexpected expenses that may be hard to cover if you're financially unstable.
Let's look at how lenders understand a bad credit score, the loan options available for struggling credit, and the average credit requirements for getting approved for a loan.
What Is Considered A Bad Credit Score?
When it comes to conventional home loans, mortgage lenders can set their own credit score requirements. Because credit scores are used to determine risk, they essentially set the maximum risk they are willing to…