If you plan on buying a home but you’re not sure whether your credit score is high enough to qualify for a loan, don’t worry. Here are a few tips that can help you still become a homeowner.

First, try utilizing these credit repair strategies:

  • Lower your credit utilization rate
  • Request a credit limit increase
  • Become an authorized user for someone with good credit history
  • Consolidate your debt

There are also several government loan products, such as a VA or FHA loan, that require a FICO score as low as 300.

“Don’t let a bad credit score stop you from buying a home”

If you’re having trouble with your down payment, there are several city and state programs that can help you, including the Homestead Down Payment and Closing Cost Assistance Loan, the Keystone Advantage Assistance Loan Program, the First Front Door Program, and the Settlement Assistance Grant from the Division of Housing and Community Development.

If you have any questions or you’d like to know more about any of these programs, don’t hesitate to reach out to us. We’d love to help you.