I have bad credit. Can I buy a house?

The lowest credit score needed to buy a house is typically 500 for an FHA loan with a 10% down payment. For conventional loans, a minimum of 620 is generally required. While some government-backed loans have very low requirements, most lenders impose their own higher minimums, often requiring at least 580 to 620. Your next step is to speak with a mortgage professional who can give you insight to your particular situation. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Maybe. FHA can work with lower scores. A lender can map a quick plan—pay down balances, fix errors, and you may qualify sooner than you think.

This question need to be directed to a mortgage Lender. There have been situations in the past that I have part of that one buyer had the income and the other buyer had the good credit and they were able to get financing. Most times they have been married couples -- direct family members may be acceptable. Ask around to friends, co-workers and do some online research for a great local lender. Another idea is sometimes credit unions have programs for members that may help you if you bank there. If neither are an option -- try a credit rebuilding program. This is not an overnight fix. Within a year or so -- you should be on your way to credit health and buying a home!

I would try to fix your credit but more importantly you need to be pre-approved for a loan. Talking to a loan officer to see how to become qualified to buy a home is the best first step.