You can sometimes qualify with a score as low as 500–580.
This proves to sellers that you are a serious, capable buyer. what qualifies you to buy a house
A lender has reviewed your finances and committed to a loan amount. You can sometimes qualify with a score as low as 500–580
To qualify for a home purchase, you generally need to meet four main criteria: a stable income, a healthy credit score, manageable debt, and enough cash for a down payment and closing costs. 💰 Financial Stability a healthy credit score
No recent bankruptcies, foreclosures, or major late payments. ⚖️ Debt-to-Income (DTI) Ratio
You’ll need recent pay stubs, W-2s, and tax returns.
Money for the down payment (3% to 20%) and closing costs (2% to 5%). 📊 Credit Health