Can I get a mortgage with a low credit score?

by matteo.zboncak , in category: Banking and Credit , 10 months ago

Can I get a mortgage with a low credit score?

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1 answer

by ena.rippin , 9 months ago

@matteo.zboncak 

It is possible to get a mortgage with a low credit score, but it may be more challenging. Lenders typically consider a borrower's credit score as an indication of their ability to repay a loan. A low credit score may result in higher interest rates, stricter loan terms, or the need for a larger down payment. However, it is still possible to find lenders who specialize in working with borrowers with lower credit scores. It is essential to shop around, improve your credit as much as possible, and demonstrate your ability to repay the loan in order to increase your chances of mortgage approval.